Question 3 of 10 Which of the following is a disadvantage to refinancing?
O A. Prepayment penalties
B. Lower interest rates
O C. Locked rates
D. Lower monthly payments

A. Prepayment penalties

Explanation:

Refinancing a loan has the benefits of a lower interest rate, which results in some cost-saving. However, when seeking to refinance, there cost that have to be incurred. The customer has to apply for refinancing, which attracts an application fee. The customer is also required to pay closing costs for the previous loan.

Lower interest rates, Locked rates, and Lower monthly payments are advantages of refinancing.

answer; ///i believe the correct   answer is (e) transformational;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.