A good reason to refinance your home is to
A) lower your monthly payment by increasing the term.
B) lower your monthly payment but keep the same maturity.
C) increase your line of credit.
D) increase your loan-to-value.
Correct Answer:
Verified
Q78: In a home purchase, what are discount
Q79: One discount point is equal to _
Q80: Refinancing a home incurs _ mortgage-related finance
Q81: Which is not a good reason to
Q82: Which of the following statements is true
Q84: Refinancing makes sense only if you
A) will
Q85: A balloon mortgage is
A) usually amortized over
Q86: An interest rate cap is likely to
Q87: Risk of negative amortization is associated with
Q88: Borrowers sometimes pay points to their mortgage
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