Mathematics, 30.07.2020 22:01 natalieagustinlop54
Carol has had a $145,000 fixed mortgage for 5 years at 5.25% and is
considering refinancing. She can now get an 80/20 mortgage with 4.5% and
9.5% interest, respectively. Based only on this information, should she
refinance?
O A. Yes, the new blended interest rate is lower than the old blended
interest rate.
O B. No the two blended interest rates are the san e.
C. No; she has too much equity built up in the house.
D. Nor the new blended interest rate is higher than the old interest
rate
Answers: 3
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Carol has had a $145,000 fixed mortgage for 5 years at 5.25% and is
considering refinancing. She ca...
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