1. Which of the following does not happen with a reverse mortgage?

Group of answer choices

The retiree can remain in their home and receive cash flow as needed in the form of a negative-amortizing loan.

If the retiree defaults on their reverse mortgage, for any reason, the lender can only go after the house that was used as collateral for the loan.

If the home is sold by the retirees' heirs and there is positive equity in the house, the heirs get to keep the positive equity.

If the home is sold by the retiree and there is positive equity in the house, the lender gets to keep the positive equity.

2. The Net Unrealized Appreciation rule is__________________.

Group of answer choices

A discounted tax scenario that is not available to rank-and-file employees.

Only available for employer stock held within a qualified account.

Applied to mutual funds in a qualified plan with a low cost basis.

Used by small business owner's who are interested in selling their ownership interest.