Multiple different benefits make people want to remortgage their homes. Here are the top 5 reasons why.
1) Use the additional money for home improvements. Which in turn will help increase the overall property value of your home.
2) Pay off an existing mortgage by using your home's value as security.
3) Increase the current mortgage value if your pay rate has also increased.
4) Consolidate debts.
5) Release accumulated equity and secure savings with lower interest rates.