re·fin·ance 
(rē′fə-năns, rē-fīnăns′)
(rē′fə-năns, rē-fīnăns′)v. re·fi·nanced, re·fi·nanc·ing, re·fi·nanc·es
v.tr.
To renegotiate or replace the financing of (a debt or asset), usually to obtain a lower interest rate.
v.intr.
To finance a debt or asset under new terms.
re·finance′ n.
re′fi·nancer n.