refi
2
7.5
- noun
- /ˈrɛfaɪ/
- Informal
:
refinanciamiento
- There is more than one metric that can be used to determine if it makes sense to do a refi.
- cash-out refi
- refi boom
- short-term refi
How how many people like were taking advantage of refi's, would you say?
- How how many people like were taking advantage of refi's, would you say?
- They have made so much money doing refi's that purchase right agents and individual buyers have become lesser of a priority.
Examples
-
This act relieves homeowners from receiving a huge tax liability due to the forgiven debt (considered income) when doing a refi, short sale, modification, or even foreclosure.
Blog text (30) -
I personally disclosed the possibility of a rate hike during your refi.
-
I still have some equity and managed to knock more than 2% off my interest rate in a refi this past August.
Blog text (29) -
There was a huge write-off and refi that took place in the late 1980s after interest rates came down.
Blog text (32) -
Now, we are required to disclose that possibility at the time of the refi.
-
In fact, it's actually cheaper and much easier for me to do a cash-out refi than to purchase with financing upfront.
Blog text (17) -
Today, the middle sibling is still paying off a mortgage (ouch, that refi!).
Blog text (9) -
Obviously you'd get your money back on the 30-year refi in a little over 4 years (which is a little too long for me personally... I'd prefer 3), and the 15-year refi would save you a substantial amount of interest.
Blog text (6) -
If you want to save on monthly payments, a refi of your mortgage might be a good option.
-
Many homeowners are considering a refi to take advantage of lower interest rates.
Synonyms
15
3.6
Replacing an old loan with a new loan to get better terms or lower payments
Surface Forms
Morphology
refi = refinance + refinancing (transparent) = refinance + refinancing
Colloquial clipped form of 'refinance'/'refinancing' whose meaning is directly predictable from the full form for learners familiar with the base.
Etymology
Refi is a short form of re- + finance, where re- means 'again' and finance is about money and loans. So a refi is the new loan you take to replace an old one, often to get better terms.