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Loans & Lending Practices MCQs

How do lenders abuse people who are looking to get their homes refinanced?

They buy their homes from them

They refinance people for minimal interest rate improvements, while charging excessive fees for their services

They force them to take out home refinance loans against their will

They increase people's interest rates instead of lowering them

Answer

Correct Answer: They refinance people for minimal interest rate improvements, while charging excessive fees for their services

Explanation:

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More Loans & Lending Practices MCQ Questions

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