Points Paid by the Owner of a Personal Residence to Refinance

question 60

True/False

Points paid by the owner of a personal residence to refinance an existing mortgage must be capitalized and amortized over the life of the new mortgage.

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Definitions:

Responding

The act of reacting to a stimulus or situation, often measured in psychological experiments.

Vicarious Conditioning

Learning that occurs through observing the reactions of others to an environment or stimulus rather than through direct experience.

Indirectly

Occurring in a roundabout way without a direct connection or straightforward path.

Discriminative Stimuli

Stimuli that signal the availability of reinforcement or punishment, guiding behavior in learning processes.