10. Opposite mortgages. Brand new historical analogy to own opposite mortgages is reflect fifteen years regarding list opinions and you may yearly percentage pricing, nevertheless the payment column are going to be empty up until the 12 months that the new single payment would be made, providing payment is estimated to take place within fifteen years. (Comprehend the opinions to help you (d)(5) to own a discussion of opposite mortgage loans.)
Loan providers are allowed to incorporate more in depth guidance than is consisted of in this brochure
Leave a reply