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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?

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By Wise Wallet

Inflation slowly erodes purchasing power, so investing for growth is important to preserve long-term wealth.

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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