Remortgaging
Pronunciation: /ˈɹeɪˈmɔɹɡɪdʒɪŋ/
Remortgaging (verb)
- Taking out a new loan on a property to replace an existing mortgage.
Examples
- They are remortgaging their house to get a better interest rate.
- Remortgaging means changing your current mortgage deal.
Common collocations: get a better rate, consider remortgaging, reduce monthly payments