REMORTGAGE


Meaning of REMORTGAGE in English

[verb] - to arrange a second mortgage (= an agreement with a bank or similar organization in which you borrow money to buy property), or increase the first mortgage, esp. in order to obtain more moneyRobin decided to remortgage his house to pay off his debts. [T]Home buyers are considering remortgaging to cut interest rates. [I]

Cambridge English vocab.      Кембриджский английский словарь.