Points Paid by the Owner of a Personal Residence to Refinance

question 60

True/False

Points paid by the owner of a personal residence to refinance an existing mortgage must be capitalized and amortized over the life of the new mortgage.

---

Definitions:

Bias

A prejudice in favor of or against one thing, person, or group compared with another, usually in a way considered to be unfair.

Observing Behaviors

The act of systematically watching and recording the actions and reactions of individuals or groups in order to gather data about specific conduct.

Organizational Behavior

The examination of individual and group behavior within organizational settings to understand, predict, and influence human behavior.

Critical Thinking

The intellectual process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an informed conclusion or decision.