i need help with T/F

50. A subprime mortgage is a loan made to a borrower who does not qualify for a standard mortgage. 51. A reverse mortgage starts as a xed-rate mortgage and then converts into an adjustable-rate mortgage. Home equity is the portion of a home's value that is "paid off.\" A mortgage must be in writing to comply with the Statute of Frauds. Loanipping occurs when a lender convinces a homeowner to renance soon after obtaining a mortgage. 55. The annual. percentage rate is the actual cost of a loan on a yearly basis. 56. If a lender fails to provide certain material disclosures, a borrower has up to seven years to rescind the mortgage. 57. Federal mortgage disclosure requirements apply to the written materials that a lender provides and to any oral representations