re·​fi·​nance | \ ˌrē-fə-ˈnan(t)s How to pronounce refinance (audio) , (ˌ)rē-ˈfī-ˌnan(t)s, ˌrē-(ˌ)fī-ˈnan(t)s \
refinanced; refinancing; refinances

Definition of refinance

transitive + intransitive

: 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

Examples of refinance in a Sentence

Recent Examples on the Web Americans rushed to refinance their home loans during the pandemic as the US Federal Reserve lowered interest rates to near zero. Nate Dicamillo, Quartz, 10 May 2022 My company, for example, helps bridge the gap between car owners and the lenders who could help them refinance their auto loans. Reid Rubenstein, Forbes, 4 May 2022 The bank also is experiencing depressed demand from borrowers looking to refinance their home loans. Patrick Danner, San Antonio Express-News, 31 Mar. 2022 Banks and private loan companies, which make money when people refinance their federal student loans into private ones in order to secure interest rates or repayment plans that work better for them, do too. Abby Vesoulis, Time, 25 Mar. 2022 King Street Capital Management is in advanced talks to refinance about $150 million of operating debt held by Cipriani’s U.S. subsidiary, according to people familiar with the matter. Kate King, WSJ, 7 June 2022 This would allow homebuyers who are now locking in higher rates to refinance at lower rates yet again. Ben Carlson, Fortune, 4 June 2022 Syndications with a value-add strategy buy properties at a discount, improve them, refinance and pay proceeds to investors. Patrick Grimes, Forbes, 3 June 2022 That means that fewer homeowners will refinance their mortgages because their current loan rates are lower than the rates now available in the mortgage market. Christopher Rugaber, Chicago Tribune, 25 May 2022 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'refinance.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of refinance

1995, in the meaning defined above

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The first known use of refinance was in 1995

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Last Updated

25 Jun 2022

Cite this Entry

“Refinance.” Dictionary, Merriam-Webster, Accessed 7 Jul. 2022.

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More Definitions for refinance


transitive verb
re·​fi·​nance | \ ˌrē-fə-ˈnans, -ˈfī-ˌnans How to pronounce refinance (audio) \

Legal Definition of refinance

 (Entry 1 of 2)

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

intransitive verb

: to finance something anew



Legal Definition of refinance (Entry 2 of 2)

: a financing of something anew especially : a revision of the terms of a debt obligation (as a mortgage)


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