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A Reverse Mortgage

Question 88

Multiple Choice

A reverse mortgage


A) Is the same thing as a second mortgage.
B) Offers a home buyer a home loan with a 30-year payment period.
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) Two of these are correct.
E) All of these are correct.

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