refi

Noun

Meaning

refi (uncountable)

(finance) Abbreviation of refinancing.

Anagrams

Examples

Refinancing doesn't reduce your debt, it just restructures it, so be clear about what you want to achieve with a refi. Barbara Corcoran

Or, if you have equity and want to remodel, a cash-out refi could help you pay for the project. Source: Internet

For those of you in the refi camp, rates are low and prices are high so you should have more home equity, which helps. Source: Internet

“The refi boom won’t continue indefinitely, though, and we’re already seeing some softening in refi volume even as consumer appetite for purchase loans sharpened in Q3.” Source: Internet

Monthly payments on a 10-year fixed-rate refi at 3.77 percent would cost $998.25 per month for every $100,000 you borrow. Source: Internet

Make sure you’re paying your bills on time — especially your mortgage — in the months before you apply for your refi loan, so you’ll have the strongest possible credit score. Source: Internet

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