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

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Definitions:

Primary Drive

A basic, innate urge or motivation, such as hunger or thirst, that prompts an organism to take action to satisfy its needs.

Secondary Drive

A learned association that becomes as motivating as primary biological drives through conditioning, such as the desire for money because it buys food.

Pygmy Chimpanzees

Also known as bonobos, a species of great ape known for their matriarchal societies and high levels of sexual behavior as a social activity.

Sexual Activity

Behaviors that involve sexual intercourse, genital stimulation, and other practices for sexual pleasure and reproduction.