refinancing(redirected from Mortgage refinance)
Also found in: Financial.
Related to Mortgage refinance: Mortgage rates
v. re·fi·nanced, re·fi·nanc·ing, re·fi·nanc·es
To renegotiate or replace the financing of (a debt or asset), usually to obtain a lower interest rate.
To finance a debt or asset under new terms.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
(Banking & Finance) a method of paying a debt by borrowing additional money thus creating a second debt in order to pay the first
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014