refinance


Also found in: Thesaurus, 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 ?
People pursue a refinance because of value changes with the house, newer -- and better -- interest rates and other personal reasons.
In those situations, you can opt to refinance your home mortgage.
Department of Veterans Affairs announced that it has published an interim final rule relating to VA-guaranteed cash-out refinance loans to further protect Veteran home-loan borrowers from predatory lending practices.
"Should I refinance" is what I will call a "contingent question." Some other examples are:
* A $19,019,461 first lien mortgage for the refinance of a 6 property multifamily portfolio in Brooklyn, NY.
A fluctuating economic climate and persistently-low interest rates are prompting a broad mix of Alaska businesses to refinance and restructure their existing debt.
Homeowners who survived the Great Recession with high debt-to-loan ratios completed 6,091 more refinances in May under the Home Affordable Refinance Program.
Borrowers refinancing through the Home Affordable Refinance Program (HARP) got an even bigger break, according to Freddie Mac.
In the United States, where housing equity makes up almost two thirds of the median household's total wealth, public policies have been crafted to encourage home ownership and to help households finance and refinance home mortgages.
Citizens Bank has unveiled its Education Refinance Loan, creating an option for students looking to refinance their private student loan debt.
" Under normal market conditions, they should be able to refinance at a high cost or with stringent covenants.
Southland Atlanta custom builders understand that the year's end might not be everyone's ideal time of year to refinance their homes, but before making that final decision, determine whether or not there is a good reason to refinance.