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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

SEP IRAs and solo 401(k)s allow many self-employed people to contribute far more toward retirement than a standard IRA.

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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