1.

Reverse mortgage loans are meant to provide liquidity for the senior citizens. Which of the following is a proper description of this facility?

A. Banks make either monthly payments or a lump sum payment to the senior citizen
B. The senior citizen has to surrender the property after 15 years
C. The legal heirs cannot repay the loan amount in case of death of the senior citizen
D. All of the above
Answer» B. The senior citizen has to surrender the property after 15 years


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