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In a cash-out refi (the refinancing considered in the lesson) exit strategy, are any of the new mortgage proceeds taxable? Of the exit strategies, refinancing

In a "cash-out refi" (the refinancing considered in the lesson) exit strategy, are any of the new mortgage proceeds taxable?

Of the exit strategies, refinancing typically has the ___ amount of fees/taxes.

Group of answer choices

yes, highest

yes, lowest

no, highest

no, lowest

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