60 Question Test | Practice Real Estate

Question 1 of 60 | Restart Test

Refinancing is:

Assuming more debt, on top of existing debt, in order to gain financing.

Paying off the mortgage on one property, and then selling in order to acquire a new property and mortgage.

A financing option available to first time homebuyers.

Replacing or settling an existing debt, in order to assume a new loan or debt obligation.