refinance

refinance — verb

1. to replace an existing loan or mortgage with a new one, often to get better inte

1.動詞及物 / 不及物B2
釋義

to replace an existing loan or mortgage with a new one, often to get better interest rates, lower regular payments, or borrow additional money

例句

Asher refinanced his home to take advantage of the lower interest rates.

refinance + noun phrase (what is refinanced)

Pim decided to refinance after his bank offered a better deal on a shorter loan term.

intransitive use: refinance (no object)

同義詞
  • renegotiate

    broader — can apply to any agreement (contracts, salaries, leases), not just loans

  • restructure

    more formal and often implies major changes to repayment terms rather than simply getting a new loan

文法句型

refinance + noun phrase (a mortgage, a loan, debt)

refinance (intransitive, no object)

用法筆記

Unlike 'renew', which can apply to many types of agreements, 'refinance' is used only for loans, mortgages, and debt — never for things like insurance policies or subscriptions.

常見錯誤

❌I refinanced my car insurance to get a lower rate.
✅I refinanced my car loan to get a lower rate.
💡'refinance' applies to loans and debts, not to insurance policies or subscriptions.