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

Flagstar Bank mortgage refinancing Flagstar offers cash-out refinancing in all 50 U.S. states and Washington, D.C. —Kelsey Neubauer, CNBC, 27 Nov. 2024

Last fall, in a tough market for borrowers, Two Trees refinanced a loan for the building — $108 million that will come due in 2028, a short turnaround. —Adriane Quinlan, Curbed, 25 Nov. 2024

The filing also notes the company's efforts to explore refinancing options and implement cost reduction measures to improve cash flow and liquidity. —Quartz Bot, Quartz, 22 Nov. 2024

For example, refinancing from a seven percent loan down to a three percent loan? —Amy Wagner and Steve Hruby, The Enquirer, 22 Nov. 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)