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Question 14

Refinancing and balance transfer claims often omit fees and term changes; a break-even calculation is essential before proceeding.

Which best describes refinancing’s likely outcome?

Did You Also Know...

By Wise Wallet

Dollar-cost averaging reduces timing risk by investing fixed amounts regularly, which smooths out purchase prices over time.

It always saves money.It always costs more in fees than it saves.It can save money if fees and term changes are outweighed by lower interest.It eliminates the loan principal immediately.
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