A CFP professional meets with two new clients who would like advice about their mortgage. In the
Question:
a. Suggest they stay with their current mortgage, as the higher interest rate is tax deductible.
b. Suggest they refinance to a 30-year fixed mortgage and begin funding savings.
c. Suggest they refinance to the 15-year mortgage, which would reduce the amount of interest paid over the life of the loan.
d. Suggest they meet with their mortgage broker.
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b Suggest they refinance to a 30year fixed mortgage and begin funding ...View the full answer
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