The type of mortgages that allow older homeowners to draw, Financial Management

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The type of mortgages that allow older homeowners to draw

1. The type of mortgages that allow older homeowners to draw equity out of their residence are called what?

1) a conventional loan

2) a reverse mortgage

3) a purchase money mortgage

4) a package mortgage

2. After a foreclosure, if all funds have not been recovered, the bank may seek which of the following to collect the remaining funds?

1) a non-judicial foreclosure

2) a power of sale

3) a nonlitigious responses to default

4) a deficiency judgement

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