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What exactly is an re mortgage?

Updated: 9/20/2023
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12y ago

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Re-mortgage is another word for refinance. By re-mortgaging your home loan, you might be able to secure a better interest rate, saving money in the long run.

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Q: What exactly is an re mortgage?
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Related questions

How do you re mortgage a house?

You can re-mortgage a house with your local bank or at another financial institution. You must go in to the bank and apply for a re-mortgage at any local branch.


Can you re-finance your reverse mortgage?

yes, you can refinance it to a regular mortgage, or if interest rates are lower you can streamline it to a new reverse mortgage.


When should you re-mortgage?

when you fancy saving some money


What exactly is an abbey mortgage?

Abbey mortgage is a a mortgage lender based out of the United Kingdom. They are a large company who thinks very highly of themselves. Mortgage is a very boring subject.


What exactly is a simple mortgage calculator?

A simple mortgage calculator is a device which will calculate mortgage figures. A mortgage calculator may also be an accountant who derives the figures through accounting.


What is the definition of 'senior mortgage'?

A 'senior mortgage' is the first mortgage placed on a property. If one re-mortgages one's house, then that becomes known as a 'junior mortgage'. Payment of a senior mortgage always takes precedence over payment of a junior mortgage.


What is a mortgage refinance loan for?

A mortgage refinance loan is exactly what the term implies. A homeowner can refinance a mortgage on their home in order to get a lower interest rate on their remaining balance on their mortgage debt.


How to determine mortgage encumberances for a property?

Can you give me some more details as to what exactly you mean, i.e. do you want to know how to find out if there is a mortgage on the property? Can you give me some more details as to what exactly you mean, i.e. do you want to know how to find out if there is a mortgage on the property?


Is there another way to re-negociate your mortgage if your mortgage co will not?

Visit the Neighborhood Assistance Corp of America at the link below.They may be able to help you negotiate with your mortgage company.


Is this a good time to re mortgage a house?

Now is a great time to re mortgage your house or any other mortgageable item! You also may be able to bundle your mortgages together and save even more.


What is required to refinance your mortgage?

You would need almost everything, and often exactly the same thing, that you need when originally applying for a mortgage.


What exactly is a first option mortgage?

First option mortgage is a mortgage lending company offering numerous mortgage lending and financing products to meet diverse customer needs, financial situations, and long-term objectives.