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refinancing

refinancing

15 3.6
Replacing an old loan with a new loan to get better terms or lower payments
  • noun
  • /ˌriːˈfaɪnænsɪŋ/
translation icon : refinanciación
  • Many homeowners are considering refinancing their mortgages to take advantage of lower interest rates.
  • mortgage refinancing

The, the, the second question I have here is, is pulling the initial money that you put down in a refinance a safety net.

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Examples

  • So my equivalent of refinancing the house is your equivalent of taking out college loans, right?

  • First, as we pointed out earlier, it means that these economies have virtually become collateral for refinancing already existing debt.

    Academic text (1990)
  • And I was told refinancing would always be possible.

  • Mortgage refinancing rates have never been lower.

  • The moment I find myself in need of refinancing.

  • And I suppose I'll go to the bank today and see about refinancing.

  • We'll be happy to save you now from the added expense of purchasing or refinancing later!

    Blog text (5)
  • Rising house prices have led both to high residential investment spending and, via refinancing, high consumption and low spending.

    Blog text (12)
  • The Home Owner's Loan Corporation was created in 1933 to assist in the refinancing of homes.

    Blog text (1)
  • She got caught up in one of those refinancing schemes, and she had no choice but to sell or be foreclosed.

Synonyms

refi
vsrefinancing
  • Informal
2 7.5

A new loan that replaces an old loan to get better terms

is the full, standard term used in formal or official situations

How Beneficial

refinancing
15 3.6
consolidation
43 5.5

Surface Forms

refinancing singular
refinancings plural

Morphology

refinancing = refinance (semi-transparent) = re + finance + ing

This is a standard -ing nominalization meaning the act or process of 'refinance'.

Etymology

Refinancing starts with re- which means 'again', as in redo, and ends with finance which means 'money' or 'loans'. So refinancing is getting a new loan 'again' to replace an old one, usually to get better terms or lower payments.