Understanding the Remortgage Loan and Help Underway

trcb.us - The term remortgage and refinance do not mean the same thing. While a remortgage replaces an existing mortgage from a new lender, refinancing is provided by your existing mortgage lender. While in refinancing you are simply switching from one product to another with the same lender; a remortgage involves the removal of one legal claim over a property and its substitution with another in favor of a new lender.



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