A Homeowner Can Refinance the Mortgage Loan on the House

question 86

Multiple Choice

A homeowner can refinance the mortgage loan on the house at a lower rate when the interest rates go down.The right to refinance at a lower rate is a(n) :

• A)put option.
• B)call option.
• C)option to expand.
• D)it is not an option.

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Definitions:

Executive Agencies

Parts of the government responsible for the daily administration and enforcement of federal laws.

Cabinet-Level Agencies

Agencies of the U.S. federal government that are under the direct authority of a Cabinet secretary, who serves at the discretion of the President and is part of the Executive branch.

Subpoena Duces Tecum

An order to appear and bring specified documents.

Writ Of Certiorari

A Supreme Court order, issued after the Court decides to hear an appeal, mandating that the lower court send to the Supreme Court the record of the appealed case.