ONTOLOGY EXPLORER
open-end reverse mortgage
<https://spec.edmcouncil.org/fibo/ontology/LOAN/RealEstateLoans/Mortgages/OpenEndReverseMortgage>
プロパティと値
| プロパティ | 値 |
|---|---|
| source | "Instructions for the Preparation of Consolidated Reports of Condition and Income, FFIEC 031 and FFIEC 041, Updated March 2023, clause A-91" |
| type | Class |
| label | "open-end reverse mortgage" |
| subClassOf | OpenEndMortgageLoan |
| subClassOf | ReverseMortgageLoan |
| definition | "reverse mortgage structured like a home equity line of credit in that it provides the borrower with additional funds after closing (either as fixed monthly payments, under a line of credit, or both)" |
| explanatoryNote | "Normally, open-end reverse mortgages are first liens. These include combinations of both a lump sum payment to the borrower at closing and payments after the closing of the loan." |
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