Open-Ended Questions Can Put the Interviewee at Ease Because She

question 62

True/False

Open-ended questions can put the interviewee at ease because she can respond in her own words using her own structure.

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Definitions:

Reverse Mortgage

A type of loan that allows homeowners, over the age of 62, to convert some of the equity in their home into cash while retaining ownership of their home.

Loan Repaid

The process of paying back borrowed money to the lender, typically including both the principal amount and any accrued interest.

Borrower Dies

The situation where an individual who has taken out a loan passes away, potentially affecting the repayment obligations and terms of the loan.

Recorded Mortgage

A mortgage that has been formally documented with a governmental office or registry, thereby providing public notice of the lien on the property.