Common use of Eligible Mortgages Clause in Contracts

Eligible Mortgages. The Mortgage must be a conventional fixed-rate, fully amortizing mortgage with a term of 30 years or less, or a 7/1 adjustable-rate mortgage (Xxxxxx Xxx Plans 750 or 751). In addition, 10/1 adjustable-rate mortgages (Xxxxxx Mae Plans 1423 and 1437) are permitted, but usage is subject to the limitation noted in the Section below entitled, “Pricing for Cash Deliveries.”

Eligible Mortgages. The Mortgage must be a conventional fixed-rate, fully amortizing mortgage with a term of 30 years or less, less or a 7/1 or 10/1 adjustable-rate mortgage (Xxxxxx Xxx Plans 750 750, 751, 1423 or 751). In addition, 10/1 adjustable-rate mortgages (Xxxxxx Mae Plans 1423 and 1437) are permitted, but usage is subject to the limitation noted in the Section below entitled, “Pricing for Cash Deliveries-”Eligible ARMs”.”

Eligible Mortgages. The Mortgage must be a conventional fixed-rate, fully amortizing mortgage with a term of 30 years or less, or a 7/1 adjustable-rate mortgage (Xxxxxx Xxx Plans 750 or 751). In addition, 10/1 adjustable-rate mortgages (Xxxxxx Mae Plans 1423 and 1437) are permitted, but usage is subject to the limitation noted in the Section below entitled, “”Pricing for Cash Deliveries.”

Eligible Mortgages. The Mortgage must be a conventional fixed-rate, fully amortizing mortgage with a term of 30 years or less, or a 7/1 adjustable-rate mortgage (Xxxxxx Xxx Mae Plans 750 or 751). In addition, 10/1 adjustable-rate mortgages (Xxxxxx Mae Xxx Plans 1423 and 1437) are permitted, but usage is subject to the limitation noted in the Section below entitled, “Pricing entitled,”Pricing for Cash Deliveries.”

Eligible Mortgages. The Mortgage must be a conventional fixed-rate, fully amortizing mortgage with a term of 30 years or less, or a 7/1 or 10/1 adjustable-rate mortgage (Xxxxxx Xxx Plans 750 750, 751, 1423 or 751). In addition, 10/1 adjustable-rate mortgages (Xxxxxx Mae Plans 1423 and 1437) are permitted, but usage is subject to the limitation noted in the Section below entitled, “Pricing for Cash Deliveries-“Eligible ARMs”.”