Exam (elaborations)
HECM Exam Practice Questions and Answers | Latest Update 2023/2024 (Graded A+)
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To qualify for a HECM loan a) The home must be completely paid off b) the home must have been originally financed with an FHA "forward" mortgage c) the borrower must live in the home as a principal residence d) the borrower must be low-income Ans - c To qualify for a HECM loan a) at least one...
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