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Question
When an existing loan at a low interest rate is refinanced by a new loan at an interest rate between the current market rate and the rate of the old loan, the result is aa. combined rate.
b. blended loan.
c. wraparound loan.
d. merged loan.
Answer
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Related questions
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Q:
A man bought a home two years ago and sold it a year later. You would expect to find his name and a reference to the home in the mortgagee index.