LineOfCredit | The entire loan amount is available as a line of credit as long as the borrower occupies the property. Interest is only paid on the funds withdrawn for use. |
ModifiedTenure | Receive equal monthly proceeds for as long as the borrower occupies the property and has the option to draw against a line of credit. |
ModifiedTerm | Receive equal monthly proceeds for a fixed period of time and has the option to draw against a line of credit. The borrower must occupy the property to receive the monthly proceeds. |
Other | |
Tenure | Receive equal monthly proceeds for as long as the borrower occupies the property. |
Term | Receive equal monthly proceeds for a fixed period of time. The borrower must occupy the property to receive the monthly proceeds. |