What is another word for remortgage?
Pronunciation: [ɹɪmˈɔːɡɪd͡ʒ] (IPA) 
Remortgaging, also known as refinancing, is the process of taking out a new mortgage on a property that already has a mortgage on it. This can often be a beneficial way of taking advantage of lower interest rates, lowering monthly payments, or accessing equity in the property. There are a variety of synonyms for "remortgage" that mean essentially the same thing, including refinancing, switching mortgage, and restructuring your mortgage. Other terms that are sometimes used to describe the same process include debt consolidation, mortgage renewal, and mortgage transfer. Regardless of the terminology used, remortgaging can offer significant financial benefits for homeowners and is a key aspect of managing one's personal finances.
