Question
Which loan does not require the borrower to pay back
during their lifetime?Solution
In a reverse mortgage loan, the borrower is not required to pay back the loan during their lifetime. Reverse mortgage is a type of loan available to elderly homeowners where they can convert a portion of the equity in their home into loan funds. The loan is typically repaid when the borrower permanently moves out of the home, passes away, or sells the property. Until then, the borrower does not make any monthly mortgage payments. Instead, the loan balance increases over time as interest and fees accumulate. The loan is usually repaid from the proceeds of the sale of the home.
Stomata closing can be induced by:
The acronym “AOA” in the context of global agricultural trade under WTO agreements stands for:
Insects are studied in .......................................?
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One of the seeds has the dormancy:
In which crop de suckering is carried out?
Which of the element is found in abundant quantity after ashing of tobacco leaf:
Indicator plant for P deficiency indication is ...........................?
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Which pruning technique involves cutting the trunk down to a 30-35 cm stump, from which multiple vigorous shoots emerge within six months, and only two ...