refinancing
Pronunciación: [ˌriːˈfaɪnænsɪŋ]
Palabra
Contexto: «finance»
(noun) refinancing is the process of replacing an existing loan with a new loan, usually with better terms. This often happens when someone wants to lower their interest rate or change the length of their loan.
Ejemplo
After refinancing her mortgage, she managed to save money each month.
Ejemplo
He didn't consider refinancing the loan, and ended up paying more in interest.
Ejemplo
Have you thought about refinancing your student loans to get a lower rate?
Contexto: «finance»
(verb) to refinance means to take out a new loan to pay off an old loan. People do this when they want better payment terms.
Ejemplo
They decided to refinance their car loan to reduce their monthly payments.
Ejemplo
She chose not to refinance because the new interest rates were higher than before.
Ejemplo
Are you planning to refinance your home loan this year?
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