QUESTION $7$

Suppose that you have a fully amortizing, constant payment, fixed$-$rate mortgage with $10$ years to maturity and $$100,000$ remaining balance.

If you are qualified, you can refinance into a $$

$$ adjustable rate mortgage

interest$-$only mortgage

$12-$year fixed$-$rate mortgage of the amount $$200,000$

all other choices are possible