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ou can get a reverse mortgage annuity if: Multiple Choice you buy a new home and pay only a minimal down payment. your mortgage is
ou can get a reverse mortgage annuity if:
Multiple Choice
- you buy a new home and pay only a minimal down payment.
- your mortgage is largely or completely paid off.
- you are willing to allow your principal mortgage balance to increase monthly.
- you owe more in monthly mortgage interest than the annuity amount.
- you are willing to sell your house immediately.
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
