Refinancing a Mortgage Is Recommended When

question 115

Multiple Choice

Refinancing 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.

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Definitions:

Menstrual Cycles

The regular natural change that occurs in the female reproductive system that makes pregnancy possible, typically a 28-day cycle.

Tastants

Chemical compounds that stimulate the taste receptors on the tongue.

Molecules

The smallest unit of a chemical compound that can exist; made up of two or more atoms bonded together, retaining the properties of that compound.

Taste

Taste is one of the five traditional senses, involving the perception of flavor from substances on the tongue, categorized into sweet, sour, salty, bitter, and umami.