📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Which of the following is not true about Reverse

    Mortgage?
    A It is a special home loan product Correct Answer Incorrect Answer
    B Homeowner aged 62 or older are eligible Correct Answer Incorrect Answer
    C Loan is underwritten based on the value of the collateral (home) and the life expectancy of the borrower Correct Answer Incorrect Answer
    D Borrower has to pay very low monthly EMI Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The correct answer is D

    Practice Next
    More Economy and Banking and Finance Static Concepts Questions
    ask-question