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
Applications to refinance a home loan fell 0.3% for the week but were 94% higher than a year ago.
—Diana Olick, CNBC, 4 Sep. 2024
Nearly half of those applications were to refinance home loans.
—Morgan Haefner, Quartz, 15 Aug. 2024
That means a lower monthly payment for at least two years, with the possibility of refinancing if rates go down later.
—Sami Sparber, Axios, 12 Aug. 2024
Terrie Cowley, a longtime TMJ patient who leads the TMJ Association, an advocacy group, has spoken with patients who refinanced their homes and cashed out retirement accounts to afford the out-of-pocket costs for their care.
—Lucy Maher, Fortune Well, 17 July 2024
See all Example Sentences for refinance 
Diana Olick, CNBC, 4 Sep. 2024
Nearly half of those applications were to refinance home loans.
—Morgan Haefner, Quartz, 15 Aug. 2024
That means a lower monthly payment for at least two years, with the possibility of refinancing if rates go down later.
—Sami Sparber, Axios, 12 Aug. 2024
Terrie Cowley, a longtime TMJ patient who leads the TMJ Association, an advocacy group, has spoken with patients who refinanced their homes and cashed out retirement accounts to afford the out-of-pocket costs for their care.
—Lucy Maher, Fortune Well, 17 July 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.
Dictionary Entries Near refinance
Cite this Entry
“Refinance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/refinance. Accessed 19 Sep. 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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