refinance

[ree-fi-nans, ree-fahy-nans]
verb (used with object), refinanced, refinancing.
1.
to finance again.
2.
to satisfy (a debt) by making another loan on new terms: She just refinanced her mortgage.
3.
to increase or change the financing of, as by selling stock or obtaining additional credit.

Origin:
1905–10; re- + finance

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
If you carry any debt, now is a superb time to refinance.
Or maybe they don't take out the loans, but their parents refinance their house
  or take on debt in other ways.
We are even planning to refinance the house and take the equity to install
  solar panels on the roof.
Dropping interest rates have led to a surge in homeowners wanting to refinance.
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