Get the information you need with the help of IDNLearn.com's expert community. Join our community to receive prompt and reliable responses to your questions from experienced professionals.
Stacy has paid off the mortgage on her home, but her income is very tight. She has seen a lot of commercials about reverse mortgages and has come to you for advice. Which of the following are true concerning reverse mortgages? - If the eventual sale of the home does not cover the reverse mortgage balance, the estate will not be required to make up the difference. - Homeowners with reverse mortgages do not have to worry about any home costs other than keeping up the utilities. - Homeowners with a reverse mortgage can be guaranteed tenure payments for life. - Reverse mortgage payments to the homeowner are always income-tax-free.
Sagot :
We are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Your search for answers ends at IDNLearn.com. Thanks for visiting, and we look forward to helping you again soon.
