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• the process of replacing an existing mortgage with a new one by paying off the existing debt with a new loan under different terms.

  Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program - Cite This Source - This Definition
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  Cite Definition for Refinance

  American Psychological Association (APA)

  Refinance. (n.d.). Making Home Affordable Glossary. Retrieved March 28, 2023, from website: http://www.expertglossary.com/definition/refinance.

  Chicago Manual of Style (CMS)

  Refinance. www.makinghomeaffordable.gov. Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. http://www.expertglossary.com/definition/refinance (accessed: March 28, 2023).

  Modern Language Association (MLA)

  "Refinance." Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. 28 March. 2023 http://www.expertglossary.com/definition/refinance.

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