remortgageverb [ I or T ]
uk/ˌriːˈmɔː.ɡɪdʒ/us/ˌriːˈmɔːr.ɡɪdʒ/UK US refinanceto change the terms of a mortgage (= agreement by which you borrow money to buy property), usually by increasing the amount of it, in order to be able to borrow more money:
Robin decided to remortgage his house to pay off his debts.
Thesaurus: synonyms and related words
Mortgages & real estate
- brick
- chain
- endowment policy
- estate agency
- Fannie Mae
- Freddie Mac
- holding
- home buyer
- housebuyer
- land tenure
- landholding
- leaseholder
- lessee
- negative equity
- open house
- owner-occupied
- rateable value
- real estate agent
- repayment
- title deed
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remortgage
noun [ C ] uk/ˈriː.mɔː.ɡɪdʒ/us/ˈriː.mɔːr.ɡɪdʒ/
The building society will arrange a remortgage for a fee of £100.