by Valence on Fri 21 Nov 2008 22:48
Remortgaging is a process that replaces an existing mortgage with a loan from a new lender. Remortgaging is almost identical to refinancing, the only difference being that a remortgage always involves a new loan from a new lender. A refinance involves a new loan from the existing lender or a new lender. The concept of remortgaging is relatively new in France but can offer a variety of benefits.