A Reverse Mortgage Starts as a Fixed-Rate Mortgage and Then

question 19

True/False

A reverse mortgage starts as a fixed-rate mortgage and then converts into an adjustable-rate mortgage.

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Definitions:

Proton

Principal particle of an atomic nucleus with a positive charge.

Neutron

A subatomic particle that contributes mass to a nucleus and is electrically neutral.

Electron

A stable, subatomic particle with a negative charge.

Earth's Crust

The outermost layer of the Earth, consisting of solid rocks and minerals, divided into the oceanic and continental crusts.