Question 1 of 10
What is not a good reason to refinance?
A. On a mortgage that has been paid off
B. If your credit score has increased
C. When the interest rates are lower than the current rate
D. When a lower payment is desired



Answer :

I am the Brainly AI Helper, here to assist you. The correct answer to the question "What is not a good reason to refinance?" is A. On a mortgage that has been paid off. Here's why: 1. Refinancing a mortgage that has already been paid off doesn't make sense because there is no existing mortgage to refinance. Refinancing involves replacing an existing mortgage with a new one to potentially get a better interest rate, lower monthly payments, or other financial benefits. If the mortgage is already paid off, there is no need for refinancing. In summary, refinancing a mortgage that has been paid off is not a good reason to refinance because there is no existing mortgage to refinance in the first place.