Sentences with phrase «lump sum disbursement»
The changes included limitations on the amounts that can be drawn in the first year, the option to receive a smaller one - time single lump sum disbursement, as well as changes to the mortgage insurance premium, the principal limit factor tables, and requiring a financial assessment of borrowers» ability to pay future property taxes and insurance obligations.
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Most people choose a lump sum disbursement — they get the entire amount at once, tax - free, divided between the number of beneficiaries.
When borrowers choose a lump sum disbursement, they receive their funds at closing.
A fixed term reverse mortgage makes a lump sum disbursement of money once the loan closes, and has a loan interest rate that they are locked into at the time of closing.
A fixed term reverse mortgage makes a lump sum disbursement of money once the loan closes, and loan interest rates are locked into the rate at the time of closing.
A fixed rate reverse mortgage offers a single lump sum disbursement, and a consistent, fixed interest rate over the life of the loan.
With this lending solution, you'll get a lump sum disbursement to cover your immediate or long - term financing needs.
Most people choose a lump sum disbursement — they get the entire amount at once, tax - free, divided between the number of beneficiaries.
A fixed rate reverse mortgage offers a single lump sum disbursement, and a consistent, fixed interest rate over the life of the loan.
When borrowers choose a lump sum disbursement, they receive their funds at closing.