remortgaging
noun as in strong fondness
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Example Sentences
Example:Refinancing and remortgaging are essentially the same; she chose the term based on her personal preference.
Definition:The process of securing a new loan on existing property to pay off the existing loan, often to reduce interest rates or terms.
From refinancing
Example:Re-mortgaging his home helped him reduce his monthly payments and debt.
Definition:Another term for remortgaging, which involves using the new mortgage as collateral for a loan.
From re-mortgaging
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