Which of the following is an important aspect of the loan refinance decision process?
A)Terms associated with the existing loan
B)Terms of the new loan
C)Fees associated with paying off the old loan and/or acquiring the new loan
D)All of the above

Question

Quizplus · Accepted Answer

All of the factors mentioned (terms of the existing loan, terms of the new loan, and fees associated with paying off/acquiring the new loan) are important to consider when deciding whether or not to refinance a loan. By comparing these elements, borrowers can determine if refinancing will ultimately save them money and lead to more favorable loan terms.

Which of the Following Is an Important Aspect of the Loan