refinance
🇺🇸
/ˌriːˈfaɪnæns/
🇬🇧
/ˌriːˈfaɪnæns/
verb
R
To get a new loan to pay off an existing loan, often to get a lower interest rate or change the terms.
They decided to refinance their mortgage to lower their monthly payments.
translation
To get a new loan to pay off an existing loan, often to get a lower interest rate or change the terms.
Word Forms
3rd Present
refinances
Past
refinanced
Perfect
refinanced
Progressive
refinancing