Mortgage Loan Amount definition

Mortgage Loan Amount means, as determined from time to time, the outstanding principal amount of the Mortgage Loan.

Mortgage Loan Amount means, with respect to a Mortgage Loan, the original principal balance of the Mortgage Loan (including any mortgage insurance premium or mortgage guaranty funding fee) set forth in the applicable Program Documents.

Mortgage Loan Amount means the outstanding principal amount of Mortgage Loan.

Examples of Mortgage Loan Amount in a sentence

• I also understand, The Reissued MCC will be issued for a Mortgage Loan amount that is not greater than the amount that was required to pay off the remaining principal balance of the previous mortgage loan.) If the principal amount of your new Mortgage Loan exceeds the amount required to pay off the previous Mortgage Loan, then only a portion of the interest on the new Mortgage Loan Amount is eligible for a tax credit.

• This can serve to lower the recapture tax amount: $65,000 - 62,895 = $2,105 / 5,000 = 42% Mortgage Loan Amount x 6.25% = MAXIMUM RECAPTURE or $69,010 x 6.25% = $4,313.13$4,313.13 x 80% (HPP calculation) = $ 3,450.50$3,450.50 x 42% = $1,449.21 RECAPTURE Maximum recapture will be $1,449.21, but will never exceed 50% of the gain.

• On the Maturity Date of a Mortgage Loan, the Customer shall pay the outstanding Mortgage Loan Amount, accrued and unpaid interest together with any other Liabilities due in respect of that Mortgage Loan.

• The rounded Mortgage Loan Amount will perpetuate to security level calculations, including Quartiles and Weighted- Averages.

• The Authority hereby makes the Series 2020 Mortgage Loan (which constitutes an Additional Loan under the Project Contract) to the Project Owner in the principal amount of the Series 2020 Mortgage Loan Amount.

More Definitions of Mortgage Loan Amount

Mortgage Loan Amount means the face amount of the Note for all Mortgage Loans delivered under this Agreement.

Mortgage Loan Amount means the principal amount on the face of the Note for all closed-end Mortgage Loans delivered under this Agreement.

Mortgage Loan Amount. For any date of determination, the outstanding principal amount due under the Note. MPT: MPT Operating Partnership, L.P., an Affiliate of Lender.

Mortgage Loan Amount means the sum of (i) the Mortgage Loan Initial Advance and (ii) the Mortgage Loan Future Funding Component.

Mortgage Loan Amount means “Loan Amount” as defined in the Mortgage Loan Agreement.

Mortgage Loan Amount. $ Date of Promissory Note: ---------------- --------------- THE UNDERSIGNED BORROWER ("Borrower") hereby agrees to pay to the order of PRINCAP MORTGAGE WAREHOUSE, INC., a Delaware corporation ("Lender") the amount of the Advance made by Lender at the request of Borrower to fund the Mortgage Loan Amount set forth above, together with interest thereon from the date of advancement at the Basic Interest Rate set forth in the Warehouse Credit and Security Agreement dated ________ between Borrower and Lender (the "Agreement"). Reference is made to the Agreement for the terms and conditions under which the Advance has been made, the period within which payment is due, the Default Interest Rate and the place and manner of payment. Capitalized terms used and not otherwise defined in this Promissory Note shall have the respective meanings given to those terms in the Agreement. Upon the occurrence of an Event of Default (as defined in the Agreement) the entire principal of this Promissory Note, together with accrued but unpaid interest thereon, and any other obligations of Borrower or other Obligors to Lender shall become immediately due and payable in full. Borrower waives presentment for payment, demand, protest, notice of protest, notice of dishonor or other notice of any kind. Borrower hereby reconfirms to Lender that all representations and warranties of Borrower set forth in the Agreement are true, correct and complete as if remade as of the Date of this Promissory Note set forth above.

Mortgage Loan Amount. $ Advance Amount: $ -------------- ----------------------- This is to advise you that, at the request of the Originator identified above, Princap Mortgage Warehouse, Inc. ("Princap") will, within one Business Day of the date of this letter, deposit by electronic transfer of funds into your Settlement Account identified above, the Advance Amount identified above. The Advance Amount is to be used to fund the residential mortgage loan to the Mortgagor identified above in the Mortgage Loan Amount identified above and for no other purposes. By acceptance of the Advance Amount you agree to act as agent for Princap to take custody of the originally executed Mortgage Note on behalf of Princap and deliver the Mortgage Note, with a complete and accurate photocopy of the fully executed HUD-1 Settlement Statement, to Princap at the address set forth below, by nationally recognized express delivery service on the next day (other than Saturday, Sunday or bank holiday) (a "Business Day") following the date the Mortgage Loan is funded: Princap Mortgage Warehouse, Inc. Two Xxxxxxx Xxxxx, Xxxxx 000 000 Xxxxxx Xxxx Xxxxxxxx, XX 00000 If, within one Business Day after the Advance Amount is deposited into your Settlement Account, the Advance Amount is not disbursed to fund the closing with the Mortgagor, you must return the Advance Amount not later than 2:00 p.m. EST/EDT on the second Business Day following receipt, by electronic transfer of immediately available funds, to the following account: