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Disclosure Requirements for Reverse Mortgages – Consumer. – The TALC rate is an annual percentage cost of a reverse mortgage.. the difference between an APR and the TALC in calculating the amount financed.
Reverse Mortgage Information – Sun West Mortgage Company. – Unlike a traditional mortgage that you pay back each month, a reverse mortgage makes payments to you. You can get these payments in a lump sum to cover an unexpected bill, or as a regular supplement to your monthly income, or at intervals and amounts that are best for you.
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