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Definition of refinance

refinance

/ˌriːˈfaɪnæns/
re · fi · nance
Plural:refinances
•
Adjective:refinanced
•
Past Simple:refinanced
•
Past Participle:refinanced
•
Present Participle:refinancing
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refinance Lexical Profile

refinance Game Scores & Validity

• verb

1

To finance (a debt, mortgage, or business) again, typically by replacing an existing loan with a new loan under different terms and interest rates.

Example

"Many homeowners decided to refinance their mortgages when interest rates dropped to historic lows."

Synonyms
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Antonyms
View all antonyms for refinance

• noun

1

An act or instance of replacing an existing loan or debt obligation with a new loan under revised interest rates and payment terms.

Example

"Completing a mortgage refinance allowed the family to reduce their monthly housing expenses by several hundred dollars."

Synonyms
View all synonyms for refinance

• Rhymes for refinance

• Nearby Words

refillable
refilm
refilter
refinance
refinancing
refind
refine

Cite this Entry

Wordmom. (2026). Definition of Refinance. In Wordmom Dictionary. Retrieved Nov 5, 2026, from https://wordmom.com/dictionary/refinance
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