refi

American  

[ree--fahy] / ˈri ˌfaɪ /

verb (used with or without object)

Finance Informal.

refied, refiing

1. refinance.

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Etymology

Origin of refi

First recorded in 1980–85; by shortening

Example Sentences

“It’s huge optionality to refi those borrowers when rates fall,” he says.

From Barron's

“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