Describe to your parents, how to evaluate the decision to refinancing their mortgage at a...
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Describe to your parents, how to evaluate the decision to refinancing their mortgage at a lower rate knowing that banks charge 1% of the loan amount in fees when refinancing mortgages. Be as complete and specific as possible. Assume the life of the mortgage is 20 years before and after the refinancing. Remember your parents have not taken this class.
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