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INCENTIVE COMPATIBLE AND RESETTING FIRST MORTGAGE LOANS AND METHODS, SYSTEMS, AND PRODUCTS FOR PROVIDING SAME
INCENTIVE COMPATIBLE AND RESETTING FIRST MORTGAGE LOANS AND METHODS, SYSTEMS, AND PRODUCTS FOR PROVIDING SAME
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机译:激励性兼容和重置第一抵押贷款以及提供相同抵押的方法,系统和产品
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摘要
A method for creating marginally priced reverse mortgage loans (MPRML) including the steps of identifying a borrower for a MPRML against a property owned by the borrower, determining an aggregate asset value of the property, determining a life expectancy, obtaining consent for a lender to own life insurance on the borrower, and determining whether the borrower can be issued life insurance. If the borrower can obtain life insurance, providing terms relatively better than if the borrower could not. If the borrower cannot obtain life insurance, providing the MPRML at terms relatively better than if the borrower did not apply. The method also determines a principal limit factor which defines a debt portion of a capital structure, determines the capital structure as between debt and equity, tranches the debt capital structure into debt tranches wherein a lowest loan to value tranche has seniority, and assigns each tranche an interest rate.
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