1To refinance a loan: to replace an existing loan with another loan or financial product (e.g., to take a loan with a lower interest rate).
住宅ローンを金利の低い銀行に借り換えることで、毎月の返済額が減った。
By refinancing my mortgage with a bank offering a lower interest rate, my monthly repayments decreased.
借り換えの際は手数料や諸費用も計算して、本当に得かを確認しよう。
When refinancing, calculate fees and other costs to confirm whether it really makes financial sense.
複数のカードローンを一つに借り換える方法で、返済管理を簡単にする人もいる。
Some people simplify repayment by consolidating multiple card loans into one through refinancing.