refinance
Translation
to refinance
Examples
They decided to refinance their mortgage.
They decided to refinance their mortgage.
Refinancing can lower your monthly payments.
Refinancing can lower your monthly payments.
Grammar Patterns
((sth.)) to replace a debt with a new one on better terms They decided to refinance their mortgage.
Similar Words
Synonyms: restructure, consolidate
Etymology
From the prefix 're-' (again) and 'finance'. Literally, 'to finance again'.
Memory Tips
Think 'finance again' to get better terms on a loan. It's about replacing an old loan with a new one.