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Dictionary definition of “refi”

refi

n. a refinancing of a mortgage or loan. Subjects: ,
Etymological Note: Clipping of refinance.
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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.
Posted 19 Jul 05 | Permalink | Tell a Friend

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