A Reason Not to Refinance a Loan Is

question 23

Multiple Choice

A reason not to refinance a loan is:

• A) a decline in the market rate of interest
• B) a higher level of income for the borrower
• C) a desire to take some equity out of the property
• D) to improve the amount of cash flows from an investment property

Understand the significance of individual and organizational resistance to change.

Understand the components and importance of audience analysis in creating effective business communications.

Master the three-step writing process for business communications.

Allocate appropriate project time for each phase of the business communication process.

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Definitions:

Tenant-Days

Tenant-days represent a metric used in real estate management to calculate the total number of days a property is occupied by tenants over a specific period.

Food and Supplies

Items that are consumed or used in the process of feeding individuals and supporting operations, often accounted for in budgeting for institutions like schools and hospitals.

Flexible Budget

A budget that adjusts or changes according to the volume of output or the level of activity achieved.

Tenant-Days

A metric used in real estate to measure the total number of days that tenants occupy a property within a specific period.