Question: Typically refinancing is a good idea if you can reduce your interest rate by at least 2% to help with overall savings on the mortgage

Typically refinancing is a good idea if you can reduce your interest rate by at least 2% to help with overall savings on the mortgage payments. With mortgage refinancing, you will be charged __________ if you have a closed mortgage and refinance your mortgage before the end of the term. Select one: a. prepayment penalties b. mortgage default insurance c. payment frequency fees d. an additional down payment

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