Reverse Mortgage
Liberty University
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Reverse Mortgage EXAM 9 questions with complete solutions
- Exam (elaborations) • 11 pages • 2023
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All of the following are true regarding the counselor who meets with a prospective borrower for a reverse mortgage, except: 
 
A. The counselor explains the cost of the loan and the financial implications of obtaining it. 
B. The counselor is paid only if the borrower goes through with the reverse mortgage. 
C. At the end of the session, the counselor will provide a required certification of counseling. 
D. The counselor will provide guidance and advice on selecting a lender for the reverse mort...
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