Finance
A Kentucky homeowner applies for a reverse mortgage. The primary requirement for a HECM (Home Equity Conversion Mortgage) is that the borrower must be at least:
A55 years old
B60 years old
C62 years old✓ Correct
D65 years old
Explanation
A HECM (Home Equity Conversion Mortgage), which is the federally insured reverse mortgage program, requires the borrower to be at least 62 years of age. The home must be the borrower's primary residence.
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