Question: A reverse mortgage: is the same thing as a second mortgage. allows a homeowner access to a line of credit program. provides older home owners

A reverse mortgage:
is the same thing as a second mortgage.
allows a homeowner access to a line of credit program.
provides older home owners with tax-free income in the form of a loan that is repaid when the home is sold or the home owner dies.
occurs when the bank repossesses your home.
is the prepaid interest charged by the lender.
A reverse mortgage: is the same thing as a second mortgage.

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