Re-evauation of house

[cd81]

hi just heard someone say this over the weekend and was wondering is htere anythruth to it. basically their house has gone up in value and they got it revalued and this caused there mortgage repayments to go down???anyone have any info on this
thanks
claire

 

[liteweight]

I suspect what they mean is that their loan to value went down and therefore they were able to negotiate with the lender for a better rate.