Carol has had a $145,000 fixed-rate mortgage for 5 years at 6.25% and is considering refinancing. She can now get an 80/20 mortgage wi

Question

Carol has had a $145,000 fixed-rate mortgage for 5 years at 6.25% 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?

A. No; she has too much equity built up in the house.

B. No; the two blended interest rates are the same.

C. No; the new blended interest rate is higher than the old interest
rate.

D. Yes; the new blended interest rate is lower than the old blended
interest rate.

in progress 0
Delilah 7 months 2021-10-07T09:55:04+00:00 2 Answers 0 views 0

Answers ( )

    0
    2021-10-07T09:57:00+00:00

    Answer:

    No, the new blended interest rate is lower than the old blended interest rate.

    Step-by-step explanation:

    A P E X

    0
    2021-10-07T09:57:02+00:00

    Answer:

    yes; the new blended interest rate is lower than the old blended interest rate

    Step-by-step explanation:

Leave an answer

45:7+7-4:2-5:5*4+35:2 =? ( )