Sentences with phrase «single lump sum disbursement»
A fixed rate reverse mortgage offers a single lump sum disbursement, and a consistent, fixed interest rate over the life of the loan.
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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.
A fixed rate reverse mortgage offers a single lump sum disbursement, and a consistent, fixed interest rate over the life of the loan.
Not exact matches
Single Disbursement Lump Sum: If the borrower (s) is eligible for a $ 100,000 loan but only needs $ 30,000, the borrower (s) may choose to only receive the $ 30,000 in a one - time lump sum paymLump Sum: If the borrower (s) is eligible for a $ 100,000 loan but only needs $ 30,000, the borrower (s) may choose to only receive the $ 30,000 in a one - time lump sum paymlump sum payment.
Colleges can choose to disburse grant funds in the form of a single lump sum payment or disbursement (equal installments) by sending federal financial funds to your school and crediting them to your account.
Fixed Rate loans are a single disbursement lump sum so there is no option for a credit line.
Lump sum: all proceeds are paid in a single amount at closing, with the maximum allowable disbursement at loan closing or during the first year of the loan being restricted to 60 percent of the eligible benefit or the mandatory obligations plus 10 percent of the benefit.
Single Disbursement Lump Sum: If the borrower (s) is eligible for a $ 100,000 loan but only needs $ 30,000, the borrower (s) may choose to only receive the $ 30,000 in a one - time lump sum paymLump Sum: If the borrower (s) is eligible for a $ 100,000 loan but only needs $ 30,000, the borrower (s) may choose to only receive the $ 30,000 in a one - time lump sum paymlump sum payment.