Register

Certified Mortgage Consultant (CMC®)

Access More Questions
A retired couple, both age 69, own their home valued at $600,000 outright. They are seeking a way to access their home equity to supplement their fixed income without incurring a mandatory monthly mortgage payment. Which mortgage product is specifically designed for this situation?
Correct Answer:
Home Equity Conversion Mortgage (HECM)

Access more questions from this quiz

Continue to Certified Mortgage Consultant (CMC®) for more practice questions and the full quiz experience.

Access More Questions