5. When an existing loan at a low interest rate is refinanced by a new loan at...
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5. When an existing loan at a low interest rate is refinanced by a new loan at an interest rate between the current market rate and the rate on the old loan, the result is a A. combined loan.
B. blended loan.
C. wraparound loan.
D. merged loan.
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Related Book For 
Real Estate An Introduction To The Profession
ISBN: 978-0324787504
11th Edition
Authors: Charles J. Jacobus
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