Champion #2
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Champion #2 1
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Champion Test Questions #2 
a borrower is a 65 year old retiree with significant equity in his home. which of the following would 
be the best option to assist him with paying for repairs on his home? 
A) ARM 
B) HECM 
C) HELOC 
D) SISA 
C) HECM (home equity conversion mortgage) 
which of the following is a reverse mortgage? 
A) HELOC 
B) ARM 
C) HECM 
D) bridge loan 
C) HECM (home equity conversion mortgage) 
a home equity conversion mortgage (HECM) is a reverse mortgage avail...
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Champion #2•Champion #2