Which of the Following Is True About Reverse Annuity Mortgages

Which of the following is true about reverse annuity mortgages (RAMs) ?

A) RAMs allow homeowners to borrow against the equity on their homes at low rates.
B) Typically obtained by older people whose home loans have been paid off, but can use income of the real estate investment they own.
C) Typical term is no more than 20 years and could be for borrower's lifetime as an annuity.
D) Homeowners' equity declines by amount borrowed.
E) All of the above are true.