refinance

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Related to refinanced: Refinanced Mortgage

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 ?
Calculator 3a is for borrowers who have one mortgage that will be refinanced into another mortgage.
Each class of refinancing notes was issued in the same principal amount of the corresponding class of refinanced notes, except the class E-R2 notes, which increased to $15.4 million from $11 million, and class X-R2 notes were issued.
Magnolia Gardens Assisted Living Facility was previously refinanced in 2006 under HUD's 232/223(f) loan program The current refinancing, which locks in a lower interest rate for a 35-year term, will generate significant debt service savings.
Some lenders might even require a projected cash flow for the project being refinanced or a well-thought-out business plan.
The average age of home loans being refinanced shortened in the first quarter compared with the fourth quarter.
By September 2011, however, fewer than a million mortgagors had refinanced under HARP.
Moody's notes that, among these rated issuers, $325 billion needs to be refinanced over 2012-15.
1: The current mortgage must be refinanced FHA already
Earlier the company has refinanced USD1.6bn used for acquisition of coal assets in Yakutia at LIBOR rate +6%, the total facility amount being USD2bn.
No loan disbursed prior to the 01-01-2005 shall be refinanced under these arrangements, the circular said.
Myth: I just bought my house or refinanced six months ago, so now I need to wait at least a year.