Noun
refi (uncountable)
(finance) Abbreviation of refinancing.
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