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Dictionary definition of “refi”

refi

n. a refinancing of a mortgage or loan. Subjects: ,
Etymological Note: Clipping of refinance.
Citations: 1986 Robert Guenther Wall Street Journal (Apr. 2) “Mortgage-Hunting? Be Ready For Delays and Waiting Lists”: “It’s refi-mania,” says Felix Beck, chairman of Margaretten & Co., a New Jersey-based mortgage banker. 2003 John Rubino How to Profit from the Coming Real Estate Bust (Sept. 20) p. 106: The 407,000 mortage brokers/bankers…were busy processing refi applications at the end of 2002. 2005 Moneyweb (South Africa) (June 21) “Rudolf Gouws: Chief economist, Rand Merchant Bank”: If you look elsewhere in the world, house prices rise, consumers then draw more on their bonds, they do “refis” as they call them in the United States.

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