Jack and Jill Freeman are both retired. Jack is 64 and Jill is 66 . Their home has been paid for for a number of years. Although both receive a small pension and Social Security payments, they have insufficient savings to maintain a comfortable retirement. They do not, however, want to sell their home. Jack and Jill may be able to ease their burden through:
A. A seller's purchase money mortgage
B. A reverse mortgage
C. An assumed mortgage
D. A fixed rate mortgage
B
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