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refinance

Pronunciation: [ˌriːˈfaɪnæns]

Word

Learn how to use refinance in a sentence: 6 audio examples across 2 meanings.

Context: “finance”

(verb) to borrow money again or change your loan to get better terms. It's like saying, 'I want to update my money deal to save some costs or get more time to pay back.'

Example

She decided to refinance her mortgage to take advantage of the lower interest rates.

Example

He couldn't refinance the loan because he had missed too many payments.

Example

What are the benefits of refinancing your home loan?

Context: “finance”

(noun) the act of borrowing money again or changing a loan. It's a process that helps people manage their money better, like finding a new deal for a car loan.

Example

The refinance of her student loans made payments more manageable.

Example

The refinance was not helpful because the terms became worse.

Example

How can a refinance help reduce monthly payments?

How to pronounce refinance

Pronunciation: [ˌriːˈfaɪnæns]

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