Before You Get a Reverse Mortgage of Any Kind,consider That

question 33

Multiple Choice

Before you get a reverse mortgage of any kind,consider that:

• A)there are origination fees,closing costs,servicing fees,and mortgage insurance premiums
• B)interest rates may change over the life of the mortgage
• C)you are still responsible for property taxes,insurance,utilities,and maintenance expenses
• D)you may leave fewer or no assets for your heirs
• E)All of these should be considered.

---

Definitions:

Low-Cost Leadership

A strategy where a company becomes the lowest cost producer in its industry, offering products or services at the lowest price point to gain market share.

Franz Colruyt

A Belgian entrepreneur known for founding the Colruyt Group, a major retail corporation.

World Companies

Multinational corporations that operate and compete on a global scale, often influencing economic, political, and cultural dynamics worldwide.

Aerospace Technology

The branch of technology dedicated to the development and production of aircraft and spacecraft.