refinance


Also found in: Thesaurus, Legal, Financial, Wikipedia.

re·fin·ance

 (rē′fə-năns′, rē-fī′năns′)
v. re·fi·nanced, re·fi·nanc·ing, re·fi·nanc·es
v.tr.
To renegotiate or replace the financing of (a debt or asset), usually to obtain a lower interest rate.
v.intr.
To finance a debt or asset under new terms.

re·fi′nance′ n.
re′fi·nan′cer n.

refinance

(ˌriːfaɪˈnæns)
vb
(Banking & Finance) to pay (a debt) by borrowing additional money, thus creating a second debt in order to pay the first

re•fi•nance

(ˌri fɪˈnæns, riˈfaɪ næns)

v. -nanced, -nanc•ing. v.t.
1. to finance again.
2. to satisfy (a debt) by making another loan on new terms.
v.i.
3. to arrange new financing for something.
[1905–10]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Verb1.refinance - renew the financing of
finance - obtain or provide money for; "Can we finance the addition to our home?"

refinance

verb take on a loan, borrow, remortgage It can be costly to refinance.
Translations

refinance

[rːˈfaɪnæns] VTrefinanciar

refinance

[ˌriːfaɪˈnæns]
vtrefinancer
vise refinancer
References in periodicals archive ?
Borrowers refinancing through the Home Affordable Refinance Program (HARP) got an even bigger break, according to Freddie Mac.
knows exactly what information borrowers should know in order to make an informed decision of whether or not to refinance their home loan.
WASHINGTON, April 3 /PRNewswire-FirstCall/ -- Fannie Mae announced today that the company's refinancing volume jumped to $77 billion in March, nearly twice the refinancing volume the company experienced during the month of February and the company's largest refinance month since 2003.
A loan of $465,000 for a refinance of a multi-family building in Brooklyn, NY.
Individuals looking to free up cash for investment possibilities can benefit, as long as they are prepared to sell the home, or refinance, before the interest-only period ends.
He also suggested that homeowners who had refinanced mortgages as fixed interest rates have decreased should refinance again to adjustable rate mortgages.
5 times more likely to receive a subprime refinance loan than whites, up from 3 times more likely in 2001, said Valerie Coffin, national research director for the Association of Community Organizations, known as ACORN.
Because of the uncertainties companies face in refinancing exempt loans, it's important to build flexibility into the terms of the new loan so the company can avoid having to refinance the loan in the near future.
President Clinton has actively encouraged homeowners to refinance their mortgages as part of his overall economic plan to stimulate the economy and to reduce the deficit.
com, the nation's premier source for residential mortgage refinancing, today announced that it has expanded its licensing and is now accepting mortgage applications in Arkansas, New Hampshire and New Mexico, further expanding its national footprint as a leading mortgage refinance lender.
The Federal Housing Finance Agency (FHFA) announced that more than 2 million loans have been refinanced through the Home Affordable Refinance Program (HARP) since the program's launch.
Fannie Mae launched its Home Affordable Refinance initiative earlier this month as part of the President's Making Home Affordable plan.