Sentences with phrase «value over the lifetime of the loan»
(They agreed to this because I put 25 % down, and they assumed that the house wouldn't lose more than 25 % value over the lifetime of the loan.)
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Interest payments are added on to the principal of the loan (with no payments due until the borrower leaves the property) and the amount due on a Reverse Mortgage will never exceed the value of the property, even if the property decreases in value over the lifetime of the loan.
Not exact matches
Unless indicated otherwise, values shown are over the lifetime of the loan.