Anyone applying for a reverse mortgage must have:
A. A single-family property
B. Completed independent, third-party homeownership counseling before closing
C. Never previously had a reverse mortgage
D. A life estate
Answer:B
Anyone applying for a reverse mortgage must have:
A. A single-family property B. Completed independent, third-party homeownership counseling before closing C. Never previously had a reverse mortgage D. A life estate