Areas of expertise » Legal Experts in Re-Mortgage


A mortgage is essentially a loan made against your house. This is fairly universal knowledge. From there, there are two options, re-mortgage and second mortgage. A second mortgage is another, subordinate loan on the same house. This causes further debt and while it is appropriate in some circumstances, a re-mortgage is more popular. 

A re-mortgage is the term used when a homeowner with a single mortgage takes out a mortgage with lower interest rates, and uses the proceeds from the loan to pay off the first mortgage. In these situations it is a very good idea to gain legal representation to deal with the institution from which you're taking a loan.

Note: These, as well as sales of a house, are prohibited during a marriage, separation, or divorce unless both spouses agree to the transaction.

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