Refinancing of a Mortgage Is Recommended When

question 65

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)refinancing costs are low

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Definitions:

Freud

Sigmund Freud, an Austrian neurologist who founded psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Dream

A series of thoughts, images, and sensations occurring in a person's mind during sleep.

Latent Content

According to Freud, the underlying meaning of a dream (as distinct from its manifest content).

Underlying Meaning

The deeper, often hidden significance or interpretation of a message, statement, or piece of literature.