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
Saks did not make the two additional payments, claiming that Pathlight did not support its effort to refinance the loan to Hudson’s Bay, precipitating the Canadian retailer’s slide into the equivalent of bankruptcy and then into liquidation.
—Evan Clark, Footwear News, 23 July 2025
Applications to refinance a home loan, which are most sensitive to weekly rate moves, fell 3% for the week and were 22% higher than the same week one year ago, when interest rates were just 2 basis points lower.
—Diana Olick, CNBC, 23 July 2025
Trump has repeatedly called for the Federal Reserve to lower interest rates since returning to the White House, which could have major impacts on homeowners as lower interest rates can broadly translate to lower monthly payments if recent homebuyers choose to refinance.
—Ty Roush, Forbes.com, 22 July 2025
For Forest, £55million of the loan was used to refinance an existing debt with Rights and Media Funding Group (RMF) as a potential cost-saving exercise.
—Chris Weatherspoon, New York Times, 22 July 2025
See All Example Sentences for refinance
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Evan Clark, Footwear News, 23 July 2025
Applications to refinance a home loan, which are most sensitive to weekly rate moves, fell 3% for the week and were 22% higher than the same week one year ago, when interest rates were just 2 basis points lower.
—Diana Olick, CNBC, 23 July 2025
Trump has repeatedly called for the Federal Reserve to lower interest rates since returning to the White House, which could have major impacts on homeowners as lower interest rates can broadly translate to lower monthly payments if recent homebuyers choose to refinance.
—Ty Roush, Forbes.com, 22 July 2025
For Forest, £55million of the loan was used to refinance an existing debt with Rights and Media Funding Group (RMF) as a potential cost-saving exercise.
—Chris Weatherspoon, New York Times, 22 July 2025
See All Example Sentences for refinance
Cite this Entry
“Refinance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/refinance. Accessed 29 Jul. 2025.
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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