You Can Get a Reverse Annuity Mortgage If

question 166

Multiple Choice

You can get a reverse annuity mortgage if:

• A)you are willing to sell your house immediately.
• B)you buy a new home and pay only a minimal down payment.
• C)your mortgage is largely or completely paid off.
• D)you owe more in monthly mortgage interest than the annuity amount.
• E)you are willing to allow your principal mortgage balance to increase monthly.

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Definitions:

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