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Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322 Exercise 11
A mortgage that is intended to enable older households to "liquify" the equity in their home is the:
A) Graduated payment mortgage (GPM).
B) Adjustable rate mortgage (ARM).
C) Purchase-money mortgage (PMM).
D) Reverse annuity mortgage (RAM).
A) Graduated payment mortgage (GPM).
B) Adjustable rate mortgage (ARM).
C) Purchase-money mortgage (PMM).
D) Reverse annuity mortgage (RAM).
Explanation
Verified
Verified
Reverse annuity mortgage or RAM.
A RAM ...
Real Estate Principles 3rd Edition by David Ling,Wayne Archer
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