A Reverse Mortgage

question 26

Multiple Choice

A reverse mortgage

• A) Is the same thing as a second mortgage.
• B) Allows a homeowner access to a line of credit program
• C) Provides older home owners with tax-free income in the form of a loan that is repaid when the home is sold or the home owner dies.
• D) All of these are correct.
• E) None of these are correct.

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Definitions:

Application Letter

A document written to express interest in a job position, detailing the applicant’s qualifications and reasons for applying.

Selling Points

Distinctive or advantageous features that make a product or service attractive to potential buyers.

Screening Interview

An initial interview conducted to determine if a candidate has the basic qualifications for a position.