Which One of the Following Statements Correctly Relates to Reverse

question 66

Multiple Choice

Which one of the following statements correctly relates to reverse mortgages?

• A)Allow homeowners to build equity in their property.
• B)The total costs are relatively low.
• C)Borrowers only qualify if they are 65 years of age or older.
• D)Homeowners make monthly payments of principal and interest.
• E)No payments are required as long as the borrower lives in the mortgaged property.

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