Question: A 6 2 - year - old homeowner needs to take out a loan to pay for medical expenses not covered under the individual's current
A yearold homeowner needs to take out a loan to pay for medical expenses not covered under the individual's current health insurance. The individual is on a limited income and is unable to make regular loan payments.
Which type of mortgage should this individual consider?
ReverseAdjustable rateForwardGrowing equity
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