HECM FIXED INTEREST RATE LOAN AGREEMENTHecm Fixed Interest Rate Loan Agreement • October 27th, 2023
Contract Type FiledOctober 27th, 2023[1.5. “Fully Funded Life Expectancy Set-Aside (LESA)” means a portion of the Borrower’s Principal Limit that is designated for payment of property taxes, hazard insurance premiums and, if applicable, flood insurance premiums for the estimated remainder of the Borrower’s life expectancy.]i