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
: 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
Daniel KadlecExamples of refinance in a Sentence
Recent Examples on the Web
Additionally, the low rates and the rise in home prices incentivized those who were already homeowners to refinance their mortgages, hoping to lower their monthly payments and reduce the amount of total interest paid over the long term.
—Molly Peck, USA TODAY, 10 Apr. 2024
Carlsbad’s 148-unit Laurel Tree Apartments, an affordable housing complex built in 1999, has been approved for up to $45 million in tax-free bonds to refinance and rehabilitate the property.
—Phil Diehl, San Diego Union-Tribune, 27 Mar. 2024
See all Example Sentences for refinance 
Molly Peck, USA TODAY, 10 Apr. 2024
Carlsbad’s 148-unit Laurel Tree Apartments, an affordable housing complex built in 1999, has been approved for up to $45 million in tax-free bonds to refinance and rehabilitate the property.
—Phil Diehl, San Diego Union-Tribune, 27 Mar. 2024
See all Example Sentences for refinance
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'refinance.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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Cite this Entry
“Refinance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/refinance. Accessed 4 May. 2024.
Copy CitationLegal 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
: 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)
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