Which one of the following types of mortgages is likely to become more popular as the average age of the U.S. population increases?

Question

Quizplus · Accepted Answer

RAM, or Reverse Annuity Mortgage, is likely to become more popular as the average age of the U.S. population increases because it allows homeowners, typically older individuals, to convert the equity in their home into cash without having to sell their home or make monthly payments. This can be particularly appealing for retirees seeking additional income.

Which One of the Following Types of Mortgages Is Likely