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Another term I had never heard of. A little research found it was the process of paying off one mortgage with another mortgage on the same property. Elementary economics tells us this should not be possible, but apparently it can be with some nifty refinancing tricks. Its definately not something recommended for everyone. The high price for this term is explained by the fact that it involves money lending and banking, which can be very profitable. Think about it, banks produce nothing, yet are worth billions. Although niche websites are nice, adverse credit remortgage is probably a little too specific to be very profitable. Perhaps an expanded site explaining banking terms could do the trick.An adverse remortgage or adverse credit remortgage is a mortgage refinance contract to an a mortgage borrower with adverse credit. An adverse remortgage allows these borrowers to refinance even with an adverse credit rating.
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