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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

Persistent inflation erodes cash purchasing power, which is why savers often seek investments that outpace inflation.

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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