1. When doing a Refinancing problem the timing (n) of the new loan is: a. The loan balance plus real estate taxes and flood insurance added b. The original loan amount for a newly selected time period c. .Equal to the remaining time of the original loan d. None of the above 2. The Refinance accept decision is basically: a. MC greater than MB b. MC less than MB c. MB1 greater than MB2 d. MB1 is less than MB2 3. The change in the loan balance amount, when doing a refinace decision problem, is calculated because: a. The monthly payment amounts are different b. Loans with lower interest rates amortize more slowly c. Loans with higher interest rates amortize more slowly d. All of the above answers are correct 4. The cost of refinancing a loan include fees paid to the lender and points paid on the loan: a. True b. False