Final answer:
The requirement for a guaranteed fee when using a guaranteed FO to refinance depends on the lender's policies and program terms; there is no universal rule.
Step-by-step explanation:
When considering the use of a guaranteed fee for a guaranteed financing option (FO) to refinance an existing loan from another lender, the requirement for such a fee generally depends on the terms set by the new lending institution or program. There is no universal rule that mandates a guaranteed fee; it may be a matter of policy for the entity offering the refinancing. Some programs, especially those involving government guarantees, might require a fee to secure the guarantee, while others may not. The specifics can vary significantly based on the lender's requirements, the type of loan, the borrower's creditworthiness, and the risk associated with the loan.