Finance
A reverse mortgage in New Hampshire allows eligible homeowners aged 62 and older to:
ATransfer their home to their heirs tax-free
BConvert a portion of home equity to cash without making monthly mortgage payments✓ Correct
CBorrow 100% of the home's value with no fees
DReceive rent from the government
Explanation
A reverse mortgage (Home Equity Conversion Mortgage, or HECM) allows homeowners 62+ to borrow against their home equity with no monthly payment required. The loan becomes due when the borrower moves, sells, or passes away.
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