Finance
A 'reverse mortgage' in North Carolina is available to homeowners who are:
AAt least 55 years old with significant equity
BAt least 62 years old and allows them to convert home equity into loan proceeds✓ Correct
CUnder 62 with high income
DAny age if their loan is FHA-insured
Explanation
A Home Equity Conversion Mortgage (HECM/reverse mortgage) is available to homeowners aged 62 or older, allowing them to convert equity into loan proceeds without monthly payments.
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