"To refinance the property" means to get a new loan to replace the existing mortgage on the property. This is usually done to take advantage of lower interest rates or to change the terms of the loan. Full definition
At that time the investor is going to find it nearly impossible to find a lender who will refinance a property in those areas. (savannahreia.com)
The borrower's heirs may also repay the loan by refinancing the property with a traditional mortgage. (reversemortgagehelp.com)
If however, your spouse's name is on the note / mortgage, in order to remove their name you have to attempt to refinance the property into your sole name. (newjerseydivorcelawyersblog.com)