UESTIONTHREE Suppose a home owner has an existing mortgage loan with these terms: remaining balance of Sh. 50,000, interest rate of 8 can be replaced by a loan at an interest rate of 6% at a cost of 8% of the outstanding loan amount. Should the home owner refinance? What difference would it make if the home owner expects to be in the home for only five more years? % and remaining term of 10 years (monthly payments) The loan (25 marks)