Sentences with phrase «back over the life of the mortgage»
Generally, you can not borrow as much money with the 203 (k) loan, but the interest rate will be very low and you can pay it back over the life of the mortgage.
https://www.1secondmortgage.com/ Not exact matches
Reverse mortgages allow homeowners (age 62 and over) to convert a portion of their home's equity into cash that generally doesn't need to be paid back as long as the borrower (s) lives in the home.
Borrowers could have missed the majority of their monthly payments over the life of the loan, yet these borrowers would still be eligible for a government - backed mortgage — and taxpayers would be on the hook.