refinance
Translation
to refinance
Examples
We decided to refinance our mortgage.
We decided to refinance our mortgage.
Refinancing can lower your monthly payments.
Refinancing can lower your monthly payments.
Grammar Patterns
((sth.)) to provide new financing for (sth.) We decided to refinance our mortgage.
Similar Words
restructure a loan
Etymology
From the prefix 're-' (again) and 'finance' (to provide money for). Literally, 'to finance again'.
Memory Tips
Think 're-finance' = finance again. It usually means replacing an existing loan with a new one with better terms.