At the maturity date the loan is considered due and payable in full, including all accrued interest, principal, and servicing fees. The borrower will receive a notice at least 90 days in advance of this day as a reminder to refinance into another loan, sell the property, or make other arrangements.
By Vinci Digital|2022-09-06T19:37:06+00:00September 6th, 2022|FAQ_s, Reverse Mortgage Payoff-old|0 Comments
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