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refinance
[ ree-fi-nans, ree-fahy-nans ]
verb (used with object)
- to finance again.
- to satisfy (a debt) by taking out another loan typically on more favorable terms, as a lower interest rate and reduced monthly payments, or a longer period of time to repay:
She was able to refinance her mortgage to a much lower 30-year fixed interest rate.
- to increase or change the financing of, as by selling stock or obtaining additional credit:
The university issued bonds to refinance the recent construction of a library and dormitory.
verb (used without object)
- to arrange new financing for something.
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Word History and Origins
Origin of refinance1
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Example Sentences
A federal Home Affordable Refinance Program paperwork T.P.ing of our residence.
Instead, the senator from Massachusetts wants students to be able to refinance federal student loans.
One congressman asked if his friend should refinance his mortgage.
Too many families who have never missed a payment and want to refinance are being told no.
Lower interest rates are making it far easier for borrowers to refinance their way out of trouble.
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