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What is refinancing? A. Financing a real estate purchase B. Purchasing a vehicle on credit C. Applying for a second loan D. Paying off a current mortgage with another mortgage SUBMIT
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4 votes
What is refinancing?

A. Financing a real estate purchase
B. Purchasing a vehicle on credit
C. Applying for a second loan
D. Paying off a current mortgage with another mortgage
SUBMIT

User Jenniffer
by
7.1k points

1 Answer

4 votes

Answer:

D. Paying off a current mortgage with another mortgage.

Explanation:

Refinancing is when someone pays off their current mortgage with a new mortgage payment.

User Neji Soltani
by
7.8k points
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