The combined total of mandatory obligations plus 10 % can not exceed the principal limit amount established at loan closing. (reverse.org)
Borrowers have access to up to 100 % of their principal limit if they are using the funds to purchase a home or to pay mandatory obligations in conjunction with the transaction. (reverse.mortgage)
The results of this assessment will be an important input into possible recommendations to the government around mandatory obligations. (rba.gov.au)