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Problem Remortgage
Remortgage in simple terms means the subsequent mortgage of an asset to get a further loan, or when the asset changes hands as a collateral to get a further loan it can be termed as remortgage This mainly takes place when a borrower is dissatisfied with the mortgager or has difficulty in making the payments
Mortgage Loan
The word mortgage has been derived from a French word ‘mort’ meaning death that means ‘agreement until death’ Mortgage loan refers to a loan secured by residential property and often used for a purpose to lock a real estate
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