You should always ponder the opportunity cost when making a
important purchase to make sure you choose making a payment that would be most
beneficial for you. Opportunity Cost refers to the financial opportunity that
is given up because you choose to do something else with your money
Answer: Minimum 62 years
Explanation: As per the rules, the youngest borrower must have attained the age of 62 years to qualify for reverse mortgage loan. There are several other requirements as well.
HUD financial criteria also needs to be fulfilled by the borrower. The home in which borrowers be living must be their prime residence and the required home equity will also be required.
The global leadership that is being used in the scenario
above is participative. This is where the individuals involved or associated in
a particular activity are all involved with the activity or that they have
contributed to the activity that is being conducted in means of participating
in the group work.
