Legal Definition of short refinance
: a refinance of a mortgage in which the lender agrees to reduce the amount owed and forgive the remainder
Additional Notes on short refinance
Short refinances are used by lenders as an alternative to foreclosure.
Learn More about short refinance
Dictionary: Definition of short refinance
Seen and Heard
What made you want to look up short refinance? Please tell us where you read or heard it (including the quote, if possible).