Examples of Fixed Rate Loans in a sentence
Table of Residual Incomes by Region For loan amounts of $79,999 and below Qualifying the Borrower: • Fixed Rate Loans: Qualify at the Note rate.• 5/1 ARM: Qualify at the Note rate.• Installment Debt: Payments on all installment debts with 10 months or more of remaining payments must be included in the DTI.
RATED TRANSACTION: Lender intends to transfer the Permanent Loan and any portion of the Facility converted to a fixed rate loan (collectively, the "Fixed Rate Loans") to a trust or other similar securitization vehicle in a public or private offering.
More than one Borrowing may be incurred by the Borrower on any day; provided, however, that (i) if there are two or more Borrowings on a single day by the Borrower that consist of Fixed Rate Loans, each such Borrowing shall have a different initial Interest Period, and (ii) at no time shall there be more than eight (8) Borrowings of Fixed Rate Loans outstanding hereunder.
All computations of interest on Fixed Rate Loans and Swing Loans hereunder shall be made on the actual number of days elapsed over a year of 360 days.