Question 46 1.4 pts In terms of the financial crisis, many homeowners found themselves "underwater" with regard to their homes. What does it mean when someone says they are underwater with their homes? O it means that the value of the home is less than the original price of the home. o it means that the current value is more than the insured value of the home. O it means that the current value of the home is less than what is owed on the mortgage. o it means that the current value of the home had dropped significantly due to flood damage. O it means that the current value of the home is less than the value of the second mortgage on the home. Previous Next Question 53 1.4 The term subprime in regard to loans refers to loans made to individuals: for a second or vacation home. O who are fully employed O have a first mortgage already O with poor credit ratings Previous Ne Question 42 A reverse annuity mortgage allows the homeowner to: O Purchase their first home and is primarily for young, first time home buyers. O Sell their home and pay off the mortgage in one lump sum. O None of the above. In essence, sell the equity in their home to a bank over time. O Have both a first mortgage as well as a second mortgage on their home.