Which of the Following Will Typically Require the Borrower to Ultimately

question 63

Multiple Choice

Which of the following will typically require the borrower to ultimately request a new mortgage?

• A)graduated-payment mortgage (GPM)
• B)growing-equity mortgage
• C)balloon-payment mortgage
• D)shared-appreciation mortgage

---

Definitions:

Alzheimer's Disease

A chronic neurodegenerative disease that usually starts slowly and progressively worsens, leading to memory loss, cognitive impairment, and eventually severe disability.

Senescence

The process of biological aging at the cellular level, marked by the gradual deterioration of function and increased risk of death.

Wrinkles

Lines, creases, or folds in the skin that primarily appear as people age due to loss of skin elasticity and moisture.

Hearing Aids

Electronic devices designed to improve the hearing of those with hearing loss by amplifying sound.