principal limit

The maximum lifetime amount an elderly borrower can take out on a reverse mortgage.Calculation of the principal limit is a formula that uses the age of the youngest borrower,the maximum claim amount (the lesser of the house's appraised value or the FHA's maximum loan amount for houses in the area),and the expected average mortgage interest rate.

Principal Limit

The present value of a house, given the elderly owner's right to live there until she dies or voluntarily moves out, under FHA's reverse mortgage program.

See Reverse Mortgage/FHA's Home Equity Conversion Mortgage (HECM)/Principal Limit.

单词	principal limit
释义	principal limit principal limit The maximum lifetime amount an elderly borrower can take out on a reverse mortgage.Calculation of the principal limit is a formula that uses the age of the youngest borrower,the maximum claim amount (the lesser of the house's appraised value or the FHA's maximum loan amount for houses in the area),and the expected average mortgage interest rate. Principal Limit The present value of a house, given the elderly owner's right to live there until she dies or voluntarily moves out, under FHA's reverse mortgage program. See *Reverse Mortgage/FHA's Home Equity Conversion Mortgage (HECM)/Principal Limit*.
随便看	taking the game to taking the gas pipe taking the gilt off the gingerbread taking the gloves off taking the goods the gods provide taking the good with the bad taking the heat taking the heat off taking the heat off her taking the heat off him taking the heat off it taking the heat off me taking the heat off of taking the heat off of her taking the heat off of him taking the heat off of it taking the heat off of me taking the heat off of one taking the logarithm taking the street taking without consent taking your head off taking your leave of taking your life taking your measure