Definition: "Remortgaged" is a legal term that refers to the process of converting a mortgage from one type of loan (such as a first-time home purchase or commercial real estate loan) into another type of loan, such as a refinancing or a second mortgage. This involves paying off the original mortgage and replacing it with a new loan on the same property. Remortgaged mortgages are often used by homeowners who want to reduce their monthly payments or avoid early payment penalties.
closed bracket.
what should be said.