Not exact matches
The lender is required to provide your parents with the Total Annual Loan Cost, or «
TALC»
disclosure, which is required by the Federal Reserve Board.
•
Disclosure: Borrowers who borrow under the federally insured FHA HECM program are required to receive a
disclosure about the Total Annual Loan Cost, known as
TALC.
Just remember to shop with several lenders and compare their Total Annual Loan Cost (
TALC)
disclosures.