24 CFR 206.three. For HECM loans, the creditor then calculates the maximum greenback volume The buyer is authorized to borrow (typically known as the “First principal limit”) by multiplying the “utmost claim amount” by an relevant “principal limit issue,” that is calculated according to the age with the youngest borrower https://israelqwsid.blogdigy.com/2013-loan-things-to-know-before-you-buy-53772359