Which one of the following statements correctly relates to reverse mortgages? Multiple Choice Borrowers only qualify if
Posted: Fri Jul 01, 2022 7:48 am
Which one of the following statements correctly relates toreverse mortgages?
Multiple Choice
Borrowers only qualify if they are 65 years of age or older.
Homeowners make monthly payments of principal and interest.
Allow homeowners to build equity in their property.
No payments are required as long as the borrower lives in themortgaged property.
The total costs are relatively low.
Multiple Choice
Borrowers only qualify if they are 65 years of age or older.
Homeowners make monthly payments of principal and interest.
Allow homeowners to build equity in their property.
No payments are required as long as the borrower lives in themortgaged property.
The total costs are relatively low.