remortgage
🇺🇸
/ˈriːmɔːrɡɪdʒ/
🇬🇧
/ˈriːmɔːɡɪdʒ/
A new mortgage or a change to an existing one on a house or apartment.
We decided to remortgage our home to get a lower interest rate.
To get a new mortgage or change an existing one on a house or apartment.
They are remortgaging their house to consolidate debts.