refi

[ ree--fahy ]

verb (used with or without object)

, Finance Informal.

, re·fied, re·fi·ing.

1. refinance ( def ).

Word History and Origins

Origin of refi¹

First recorded in 1980–85; by shortening

Example Sentences

“In this way, the cash-out refi provides protection from rising rates in the future, which is an advantage over a HELOC,” says Glenn Brunker, president of Ally Home.

From Seattle Times

The cash-out refi’s interest rates may be lower than those of home equity loans, too.

From Seattle Times

You can replace any current mortgages with this refi if you qualify.

From Seattle Times

Over half of respondents, 31 of 53, saw a 50 basis point hike at the October meeting, bringing the refi rate to 1.50%, with three expecting another 75 basis point move.

From Reuters

We reapplied for our cash-out refi, and as soon as the new appraisal was ordered, we were asked to pay $150 more than a normal appraisal because of the “large home and difficulty of the coastal town appraisals.”

From Washington Post