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:

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A period in history marked by significant achievements and contributions in the arts within a culture or civilization.

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An ancient kingdom located on the Korean Peninsula, lasting from 57 BC to 935 AD, known for its significant role in the unification of Korea.

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The methodology and processes used in the building of structures, involving materials, methods, and technology tailored to specific designs.