Refinancing of a Mortgage Is Recommended When

question 70

Multiple Choice

Refinancing of a mortgage is recommended when:

• A)interest rates rise.
• B)interest rates fall.
• C)the escrow account balance declines.
• D)two or more points are required by the lender at the time of closing.
• E)the escrow account balance increases.

---

Definitions:

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, expressed at a certain level of confidence.

Sample Size

Refers to the total count of individual samples or observations used in a statistical study, essential for achieving accurate results.

Confidence Interval

A confidence interval is a range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter.

Sample Size

The number of observations or data points used in a statistical analysis.