Question

What is not a good reason to refinance

Answer 1

A

Explanation:

The answer is A because all of the other options are favorable circumstances to refinance. There's no need to refinance if the loan in question (a mortgage in this case) has already been paid off.

Answer 2

Answer: A

Step-by-step explanation: because the three other options are favorable condition to refinance.

A common reason for refinancing is to save money on interest costs.

So therefore, no need to refinance if the mortgage has already been paid off.