Tenure Advances - fixed monthly loan advances for as long as a borrower lives in a home.

Term Advances - fixed monthly loan advances for a specific period of time.

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 Securities; used to determine the initial, expected, and current interest rates for the HECM program.

Truth-in-Lending - a federal law that requires lenders to fully disclose, in writing, the terms and conditions of a mortgage, including the annual percentage rate (APR) and other charges.