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to refi

to refi

8.2
To replace an old loan with a new one to get better terms
  • verb
  • /ˈrɛfaɪ/
  • Informal
translation icon : refinanciar
  • After reviewing my finances, I realized I could refi to save quite a bit on interest.

And then from there, you know, I still own that house today and I refied it when rates were low.

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Examples

  • I decided to refi my mortgage to take advantage of lower interest rates.

  • And they're going to give away free Barstool and Cross Country Mortgage sweatshirts when you sign up to refi or get pre approval while supplies last.

  • And then from there, you know, I still own that house today and I refied it when rates were low.

  • If HARP 3 comes out, I might still be able to refi again to a lower rate.

    Blog text (27)
  • So thank God those guys like Lane Lane Schumenberger and why refi Any comments are Kim?

  • And then what they did was they refied the entire process, sold it as bonds to your grandmother.

  • And then what they did was they refied the entire process, sold it as bonds to your grandmother.

  • And if it works for a Burr and I can refi, that's amazing.

  • I haven't checked on refi in so long and I saw someone comment on one of my recent videos like oh why don't you use refi?

  • Many homeowners choose to refi their loans to reduce monthly payments.

Synonyms

to refinance
vsto refi
39 5.2

To get a new loan to replace an old one, usually to get better payments or lower interest

is about getting a new loan to replace an old one for better terms
4 5.3

To replace a current home loan with a new one to get lower monthly payments or a lower interest rate

is used for replacing any loan, not only home loans

Surface Forms

refi infinitive
refied past
refied past participle
refighting present participle
refis third person singular

Etymology

Refi comes from re- + finance, so it means to 'finance again' or change your loan. That's why to refi is to get a new loan that replaces your old loan to try to get lower payments or better conditions.