refinancing

British  

/ ˌriːfɪˈnænsɪŋ /

noun

1. a method of paying a debt by borrowing additional money thus creating a second debt in order to pay the first

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Example Sentences

You could explore refinancing your mortgage and auto loan.

From MarketWatch

The macroeconomic backdrop also has turned more supportive, with a steeper yield curve and lower interest rates easing pressure on bank margins and improving refinancing conditions, particularly in commercial real estate.

From The Wall Street Journal

Stucky said the housing market “is not as bad as it was,” with refinancing activity increasing.

From MarketWatch

But as a result of the 2019 law, Flagstar warned that “the level of income generated by the property may be insufficient to qualify for refinancing at maturity.”

From The Wall Street Journal

If refinancing for a lower interest rate is an option, it could be an appealing tactic as it does not require the lifestyle compromises that other spending adjustments do.

From MarketWatch