Re-mortgage Mortgage Brokers

Remortgages

The process of remortgaging is transferring your outstanding mortgage debt from your existing loan to a new loan without moving home. You may not necessarily need to change your mortgage lender. You may decide to remortgage to release a cash sum or to find a better mortgage deal with a lower interest rate. A re mortgage is definied in wikipedia as 'the process of paying off one mortgage with the proceeds from a new mortgage using the same property as security'.