1. What are the primary considerations that should be made when refinancing?

2. What factors must be considered when deciding whether to refinance a loan after interest rates have declined?

3. Why might the market value of a loan differ from its outstanding balance?

4. Why might a borrower be willing to pay a higher price for a home with an assumable loan?

8. Under what conditions might a property with an assumable loan sell for more than comparable properties with no assumable loans available?

9.What is meant by the incremental cost of borrowing additional funds?