Definition of refinance in English:

refinance

Line breaks: re|fi¦nance
Pronunciation: /riːˈfʌɪnans
 
/

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 (as noun refinancing) the refinancing of debt
    More example sentences
    • Governments have saved billions by refinancing the national debt at lower interest rates.
    • If you have a home loan, refinance your mortgage to lower your payments.
    • 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.

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