A mortgage represents a loan or lien on a property or a house that has to be paid over a specified period of time. Think of it as your personal guarantee that you'll repay the money you've borrowed to buy your home. mortgages come in many different packages and sizes with their own advantages and disadvantages each. All you got to do is to make sure you select the mortgages that is right for you, your future plans, and your financial picture. A remortgage loan is a new loan that replaces an already existing mortgage. In this remortgage process, your old mortgage will be paid off and you will have the option to choose your best deal of mortgage which will suit your future paying.
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