You Can Get a Reverse Mortgage Annuity If

question 6

Multiple Choice

You can get a reverse mortgage annuity 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:

Common Goals

Shared objectives or purposes that unite individuals or groups in their efforts.

Desired Resource

An asset, material or immaterial, that individuals or organizations strive to obtain in order to fulfill specific needs or objectives.

Allocentric

Characterized by or thinking about others and the community more than oneself; opposite of egocentric.

Individualistic Orientation

A viewpoint or personal philosophy that prioritizes individual goals and rights over those of the group or collective.