Is it possible for a couple aged 70 years with no liens on their property to negotiate a loan without monthly payments?

A couple aged 70 years with no liens on their property can indeed negotiate a reverse mortgage, making this option correct. A reverse mortgage is a type of loan specifically designed for homeowners aged 62 or older, allowing them to convert part of the equity in their home into loan proceeds that they can use as needed. The key feature of a reverse mortgage is that it does not require monthly payments. Instead, the loan balance is repaid when the homeowners sell the home, move out, or pass away.

In this scenario, since the couple is 70 and owns their home outright, they would qualify for a reverse mortgage, which would give them access to cash while allowing them to remain in their home without the burden of monthly payments. Additionally, they retain ownership of the home, and as long as they continue to meet the loan requirements, such as paying property taxes and maintaining the home, they can stay in their home for as long as they live there.

The other options do not appropriately address the question of loan negotiation without monthly payments. Conventional loans typically require monthly payments and steady income for qualification, which would not suit the couple's needs. Similarly, although credit scores are important for many loans, the correct answer illustrates a specific type that meets the