Definition of "refi" [refi]

• Abbreviation of refinancing. (noun)

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• "The refi is for $130K and the value of the house is somewhere between $600-800K."
• "It also allocated €50 billion in its regular three-month long-term refi operation."
• "Typically if you own the property for at least six months, and are doing a rate and term refi (no cash back, just paying off the hard money loan) you can use a new appraisal."