qualify for a have 167 Your great ante. As in her home on which she has a loan of $35.000 left but needs money to pay for home improvements that have been completed there did her bathroom and entre home to be handicap accessible at a total cost of $65.000, which she has not paid vet. She has a home worth $200,000 Taday and a Prof. Deshe quality for a reverse martese Why or why not? 2 pts Even though her scents, she quality because she not have sufficient equity on her home closing costs include $4,000 for fees, a $1,000 appraisal, and $1,000 in Insurance, what wa be the amount of funds she takes home with her after closing? Assume she takes out the maximum dollar amount she can on her home and has the bank pay the money she owes contractors directly for her home improvements. 5 pts 200.000 with 2 ora6 120,000 # 120,000 - 4000 - 1000 - 65.00-35000 - 15.000 c. She lives to be 100 years old before passing on. Her reverse mortgage was locked in at a rate of 3.5%. At the time of her passing the home is worth $305,000. What does her estate owe the bank at the time she passes away? 5 pts it. If it takes 6- months to sort out the estate, what is owed at that time? 5 pts ill. Assuming 6% of closing costs, if you could sell the home for $320,000, would you choose to sell the home or give it back to the bank? 5 pts qualify for a have 167 Your great ante. As in her home on which she has a loan of $35.000 left but needs money to pay for home improvements that have been completed there did her bathroom and entre home to be handicap accessible at a total cost of $65.000, which she has not paid vet. She has a home worth $200,000 Taday and a Prof. Deshe quality for a reverse martese Why or why not? 2 pts Even though her scents, she quality because she not have sufficient equity on her home closing costs include $4,000 for fees, a $1,000 appraisal, and $1,000 in Insurance, what wa be the amount of funds she takes home with her after closing? Assume she takes out the maximum dollar amount she can on her home and has the bank pay the money she owes contractors directly for her home improvements. 5 pts 200.000 with 2 ora6 120,000 # 120,000 - 4000 - 1000 - 65.00-35000 - 15.000 c. She lives to be 100 years old before passing on. Her reverse mortgage was locked in at a rate of 3.5%. At the time of her passing the home is worth $305,000. What does her estate owe the bank at the time she passes away? 5 pts it. If it takes 6- months to sort out the estate, what is owed at that time? 5 pts ill. Assuming 6% of closing costs, if you could sell the home for $320,000, would you choose to sell the home or give it back to the bank? 5 pts
