This is when you switch your mortgage from your current lender to another one. You take out a new mortgage to repay your current one. You may be able to get a better rate that saves you [..]

A term used to describe the process of taking out a new mortgage on a property even though the property is not being sold. Remortgaging is usually done to obtain lower monthly payments from another le [..]

This is where you take out a new mortgage on your property with a new lender, even though you are not moving home. Your previous lender is paid off with funds from your new mortgage.

 – repaying your mortgage by taking out an alternative mortgage the usually replaces the first, but still secured on the same property. Repossessed