refinancing

/ ˌriːfɪˈnænsɪŋ /

noun

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

Example Sentences

CNN reported that deed records showed Schiff had designated his Maryland home as his primary residence, including while refinancing his mortgage over the years.

From Los Angeles Times

And that burden is set to increase in the years ahead because of refinancing and higher interest rates.

From BBC

In their booths, the agents work through long lists of US phone numbers, some making promotional calls or sales, others calling about debt collection and refinancing.

From BBC

However, refinancing also depends on your credit score, income and debt-to-income ratio.

From Salon

Recasting a mortgage loan is one way to lower your monthly payments and pay less interest without refinancing.

From Salon