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remortgage

verb [I or T]
 
 
/ˌriːˈmɔː.ɡɪdʒ/ US  /-ˈmɔːr-/

Definition

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, especially in order to get more money: Robin decided to remortgage his house to pay off his debts.Mortgages and real estateRenting, hiring and hire purchase in general Renting property remortgage
 
 
/ˈriː.mɔː.ɡɪdʒ/ US  /-mɔːr-/ noun [C]
The building society will arrange a remortgage for a fee of £100.Mortgages and real estateRenting, hiring and hire purchase in general Renting property
(Definition of remortgage verb from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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