Definition of refinance in English:

refinance

verb

[WITH OBJECT]
  • Finance (something) again, typically with new loans at a lower rate of interest:

    ‘companies must refinance £20 billion of warrants and bonds’
    ‘the refinancing of debt’
    • ‘She refinanced her home in the summer of 2002, lowering her mortgage payment by $160, which she uses to pay down debt.’
    • ‘Whatever the reason, some lenders are squirming out of deals to refinance home loans at rates below 6 percent.’
    • ‘Households also continue to refinance their mortgages or use home-equity loans to fund their shopping sprees.’
    • ‘Governments have saved billions by refinancing the national debt at lower interest rates.’
    • ‘Griffin is quick to point out that he paid off his $2,000 credit card debt and refinanced his mortgage a second time, saving about $60 a month in payments.’
    • ‘Meanwhile, homeowners are improving their finances by refinancing their mortgages.’
    • ‘In fact, much of the commercial paper being refinanced in the bond market was originally issued to pay for past telecom capital spending, such as burying fiber-optic cables and building wireless networks.’
    • ‘The government is now negotiating with a dozen banks to refinance the debt at rates it can afford.’
    • ‘With a cash-out refinancing, you refinance your mortgage for more than you owe and pocket the difference.’
    • ‘The car is refinanced with an interest rate of 6.9%.’
    • ‘Most experts agree that interest rate reduction is the main reason behind most refinancing decisions.’
    • ‘Many companies, of course, got busy early this year, refinancing old obligations and taking on new loans.’
    • ‘The commission summary states that the financed and refinanced projects will generate 620 jobs, including the 40 in Jacksonville.’
    • ‘There was also a benefit for many banks from fees which arose when borrowers refinanced their mortgages because of lower interest rates.’
    • ‘But nobody dares raise interest rates in the US where 65% of mortgage holders have refinanced their properties and where, currently, an easy money property boom is underway.’
    • ‘There are many ways to consolidate or refinance your college student loan debt.’
    • ‘To compensate, Americans have refinanced mortgages, piling on the debt and lowering their average net worth.’
    • ‘One thing to note, however, is that it is a good idea for companies to refinance their debt to lower their interest rates.’
    • ‘If you have a home loan, refinance your mortgage to lower your payments.’
    • ‘The Jacksons also refinanced the home equity loan they had taken out to renovate a third house they inherited from Jacqueline's father.’

Pronunciation:

refinance

/riːˈfʌɪnans/