Outrageously Funny Word Dictionary :: Remortgages

👉 Remortgages are mortgage refinancing transactions where a borrower renews their existing mortgage loan with a new one, typically for a longer period of time. This process involves repaying the principal balance on the original mortgage and making payments towards the interest rate on the new loan. Repayment terms may vary depending on the lender's policies, but in general, remortgages allow borrowers to extend the term of their existing loans while still benefiting from lower interest rates and better repayment options.

remortgages