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What is the refinancing rule of thumb? A) if the interest rate spread is more than 3%, refinance B) if the monthly payment is less,

What is the refinancing rule of thumb?

A) if the interest rate spread is more than 3%, refinance

B) if the monthly payment is less, refinance

C) if the bank agrees, refinance

D) there is no such thing

this is only for real estate professors, thank you

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