refinance

verb

re·​fi·​nance ˌrē-fə-ˈnan(t)s 

(ˌ)rē-ˈfī-ˌnan(t)s,

ˌrē-(ˌ)fī-ˈnan(t)s

refinanced; refinancing; refinances

transitive + intransitive

: to renew or reorganize the financing of something : to provide for (an outstanding indebtedness) by making or obtaining another loan or a larger loan on fresh terms

refinance a mortgage

With rates tumbling, pay a little more now and retain the flexibility to refinance again next year.

—Daniel Kadlec

Examples of refinance in a Sentence

Recent Examples on the Web

In 2023, Peleg took out a $20 million mortgage on the property; the loan was refinanced and expanded last December to $41 million and transferred to an entity connected to British billionaires David and Simon Reuben. —Phoebe Liu, Forbes.com, 17 June 2025

Getty Images Mortgage interest rates barely moved at all last week, but demand from homebuyers as well as those looking to refinance a current home loan increased. —Diana Olick, CNBC, 11 June 2025

The company refinanced last year, raising a €500 million loan and a €225 million revolving credit facility, which analysts say will fund acquisitions. —Jake Kanter, Deadline, 20 May 2025

Just one day after the hearing the city issued nearly $700 million in bonds for capital projects and to refinance previous debt. —The Editorial Board, Chicago Tribune, 6 June 2025

Word History

First Known Use

1995, in the meaning defined above

Rhymes for refinance

• circumstance
• exceedance
• happenstance
• advance
• askance
• enhance
• expanse
• finance
• freelance
• mischance
• perchance
• romance

Legal Definition

refinance

1 of 2 transitive verb

re·​fi·​nance ˌrē-fə-ˈnans, -ˈfī-ˌnans 

1

: to renew or reorganize the financing of

2

: to revise the terms of (a debt obligation) especially in regard to interest rate or payment schedule

refinance a mortgage

intransitive verb

: to finance something anew

refinance

2 of 2 noun

: a financing of something anew

especially : a revision of the terms of a debt obligation (as a mortgage)