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total annual loan cost (TALC)

A calculation of interest price on a reverse mortgage. It includes factors like annuity premiums and the amount of appreciation on a home. It is the average yearly combined cost of a reverse mortgage and is a useful measure when comparing different loans.

Related information about total annual loan cost (TALC):
  1. What is total annual loan cost (TALC)? definition and meaning
    Definition of total annual loan cost (TALC): A calculation of interest price on a reverse mortgage. It includes factors like annuity premiums and the amount of ...
     
  2. Crossover Loss - New View Advisors
    Total Annual Loan Cost (TALC). The TALC is a summary of all of the costs associated with taking out a reverse mortgage, disclosed as a single annual average ...
     
  3. Reverse Mortgage Loans Borrowing Against Your Home - aarp
    Annual Loan Cost” for these loans. Total Annual Loan Cost. The Total Annual Loan Cost (TALC) combines all of a reverse mortgage's costs into a single annual ...
     
  4. Shopping for a reverse mortgage? Know your TALC
    Aug 17, 2010 ... Shopping for a reverse mortgage means understanding the total annual loan cost (TALC) disclosure. Here's what you need to know.
     
  5. Your Reverse Mortgage Road Map -- Application/Fees/Disclosures
    One such document is the Total Annual Loan Cost (TALC) Disclosure, a form required by the Federal Reserve Board on all reverse mortgage transactions, that ...
     
  6. Lake Area Bank : p-t
    Total Annual Loan Cost (TALC) rate. the projected annual average cost of a reverse mortgage including all itemized costs. T-rate. the rate for U.S. Treasury ...
     
  7. Reverse Mortgage Loan Comparison Worksheet
    Total Annual Loan Cost (TALC). This disclosure is all the reverse mortgage's projected costs combined into a single annual average rate called the Total Annual ...
     
  8. Federal Register | Regulation Z; Truth in Lending
    Sep 24, 2010 ... All reverse mortgage creditors must provide the total annual loan cost (“TALC”) disclosure at least three business days before account-opening ...