CRPC Practice Questions - CRPC - Chartered Retirement Planning Counselor Exam

A reverse mortgage may be most appropriate for which of the following clients?

A 45-year-old who needs funds to start a business A 62-year-old with significant home equity who needs supplemental retirement income A 55-year-old who wants to purchase a vacation home A 35-year-old first-time homebuyer

Correct Answer:

A 62-year-old with significant home equity who needs supplemental retirement income

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