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

Foxtel’s current debt will be refinanced at closing and transfer with Foxtel, and News Corp will hold a minority equity interest in DAZN of approximately 6% as well as one seat on its board. —Todd Spangler, Variety, 22 Dec. 2024

Foxtel’s current debt will be refinanced at closing and transfer with Foxtel. —Natalie Oganesyan, Deadline, 22 Dec. 2024

According to a press release on the bill, the Affordable Loans For Students Act would also help borrowers refinance non-Direct federal student loans, such as FFEL-program loans, into the new program in order to qualify for 1% interest. —Robert Farrington, Forbes, 11 Dec. 2024

The big picture: Many outright homeowners are Baby Boomers who refinanced when mortgage rates were lower. —Karri Peifer, Axios, 11 Dec. 2024

Word History

First Known Use

1995, in the meaning defined above

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)