The Sampsons expect that they will not move for at least three years. Advise the Sampsons on whether they should refinance their mortgage by comparing the savings of refinancing with the costs.
Answer to relevant QuestionsWhy might your advice about refinancing change in the future? Prepare a written or oral report on your findings and recommendations to Brad. Is personal property typically insured under a homeowner’s insurance policy? If so, are there limits to the coverage of personal property? What is a home inventory? How can you determine the financial strength of an insurance company? Why is this important to you as a consumer? Advise the Sampsons regarding their car insurance. Do they have enough insurance? Do they have too much insurance? How might they be able to reduce their premium?
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