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WordNet-Online
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Definitions from the Webre-mortgageDefinitionverb: to secure a new mortgage on a property that has an existing mortgage, typically in order to obtain a better interest rate, raise additional funds, or switch to a different lender. Senses and UsagesSense 1: noun: a new mortgage on a property with an existing mortgageExample sentence: After carefully considering all the options, they decided to go for a re-mortgage to take advantage of the lower interest rates in the market. Sense 2: verb: to rearrange the terms of a mortgageExample sentence: They had to re-mortgage their house to extend the payment period and reduce the monthly installments. Sense 3: verb: to change mortgage lendersExample sentence: Unsatisfied with the service provided by their current lender, they made the decision to re-mortgage and find a new lender. Related Products on Amazon | ||||
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