Can you use your Time Value of Money skills to help guide your neighbor if she should go for re-financing?

Finance questions week6 | Business & Finance homework help

Yes, I can use my time value of money skills to help guide my neighbor if she should go for refinancing. Time value of money is the concept that a dollar today is worth more than a dollar in the future due to inflation and other factors. This means that when deciding whether or not to refinance it is important to determine which option will yield the highest return on investment over time; this may involve looking at various loan terms such as interest rates, origination fees, and repayment schedules in order to make an informed decision. I would advise her to compare different options and consider things like how soon she could pay off the loan versus the amount she would have to pay in interest over time before making any final decisions. Additionally, since there are many variables involved it might also be beneficial for her look into any potential tax incentives or government programs which could further reduce costs associated with financing her home.