One Disadvantage of Refinancing a Property Instead of Selling the Property

question 3

True/False

One disadvantage of refinancing a property instead of selling the property is that taxes have to be paid on funds received by additional borrowing,but no taxes would have to be paid if the property is sold.

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Definitions:

Bullies

Individuals who intimidate or harm others, often through physical, verbal, or social aggression, to assert power or control.

Mutual Loyalty

A reciprocal relationship where two or more entities demonstrate steadfast allegiance and support to one another.

Long-Term Friendships

Relationships between friends that are characterized by a long duration, deep emotional connection, and mutual support over the years.

Peer Groups

A social group consisting of individuals of similar age, status, interest, or education, which significantly influences the behavior and attitudes of its members.