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Holding all other factors constant, refinancing a current mortgage with which of the following mortgages will increase annual discretionary by the greatest amount? a. 15-year

Holding all other factors constant, refinancing a current mortgage with which of the following mortgages will increase annual discretionary by the greatest amount?

a.
15-year fixed rate mortgage.

b.
20-year fixed rate mortgage.

c.
30-year fixed rate mortgage.

d.
3/1-year ARM paid over a 10-year amortization period.

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