Home mortgage or “mortgage” means an interest-bearing loan made as provided in this part to a mortgagor, whether originated in the manner provided in subdivision (a) or (b) of Section 52020 that is evidenced by a promissory note and secured by a mortgage, deed of trust, or other security instrument on a home, and that may but is not required to be additionally secured by insurance on the payment of the note for the purpose of purchasing, constructing, or improving a home that meets either of the following criteria: (1) Is newly constructed or is being rehabilitated and that, in either case, is located within an area or neighborhood in which the city or county is conducting a housing rehabilitation or code enforcement program, a neighborhood preservation area or concentrated rehabilitation area designated pursuant to this division, an area for which federal funds are being made available, or a residential rehabilitation area as defined in Section 37912. However, a loan may be made for the purchase of a newly constructed home anywhere within the city or county if the purchase is in connection with a program adopted by ordinance of the city or county the purpose of which is to increase the housing supply. (2) Is a home upon which no rehabilitation is being undertaken in connection with any financing pursuant to this part, where the purchaser will not be the first occupant, and that is located within the city or county making or purchasing the home mortgage. (b) A “home mortgage” or “mortgage” shall not include a loan to a mortgagor for the purpose of refinancing an existing obligation of the mortgagor, unless substantial rehabilitation is to be undertaken in connection with the loan. (c) This section shall become operative January 1, 2012.
Home mortgage means an interest-bearing loan to a mortgagor, or a participation in such a loan, that is:
Home mortgage means the mortgage granted by Grantee to Grantor on his/her Home to secure Grantee’s performance of the Obligations. The form of the Home Mortgage is attached as Exhibit B.
Examples of Home mortgage in a sentence
Home mortgage loans: Includes home purchase and home improvement loans as defined in the HMDA regulation.
List of Conditions 4th appendix.In case of Home mortgage loans after termination until 90th day, in case of Personal loans with Real Estate Collateral interest fee valid on day of termination is valid.
Interest fee rate in case of unsecured loans is defined in Unsecured Loans Condition List, in case of Mortgage loans in Raiffeisen Home mortgage loans and Personal loans with Real Estate Collateral Loans I.
Reference interest rate in case of unsecured loans is defined in Unsecured Loans Condition List in the first appendix, in case of Mortgage loans in Raiffeisen Home mortgage loans and Raiffeisen Personal loans with Real Estate Collateral Loans I.
Definition of the reference base rate which is base for the default interest is defined in Raiffeisen Home mortgage loans and Personal loans with Real Estate Collateral Loans I.
More Definitions of Home mortgage
Home mortgage means a mortgage with first priority recorded upon property owned by the applicant, which is the applicant’s primary residence.
Home mortgage means an interest-bearing loan that is made to an eligible mortgagor, which finances the purchase or improvement of a home, is secured by a mortgage, and has an original principal amount not greater than the then current limit for mortgage loans for homes in Guam under the United States Department of Housing and Urban Development mortgage insurance programs authorized under §§ 203(b) or 203(k) of the National Housing Act, or if such programs are no longer in operation to insure new mortgages, such limit as may be established by the Board to further the purposes of this Article.
Home mortgage means a loan . . . which meets all of the following four requirements: * * * (2) The loan is secured by a lien on . . . real estate . . . designed principally for the occupancy of from 1 to 4 families . . . or the loan is secured by a pledge of cooperative stock or interest corresponding to a 1 to 4 family residential cooperative unit; (3) the Mortgaged Property is located in a State; "89
Home mortgage means a loan which is not made to finance an exempt transaction under section 82.4(b) and which meets all of the following four re quirements:
Home mortgage means an interest bearing loan for not to exceed thirty (30) years to a mortgagor for the purpose of
Home mortgage means a loan, a portion of or participation in a loan, theretofore, or thereupon being, purchased or made by the Agency with respect to a Home pursuant to and in accordance with the Act, the Program and, to the extent required by the Indenture, Section 143 of the Code, from moneys in a Program Account, evidenced by a Note and secured by a Mortgage; provided that any such portion or participation is secured by a lienat least equal in priority to the lien securing any other portion of or participation in the loan financed from sources other than the proceeds of Bonds, but need not be identical as to interest rate, time or rate of amortization or otherwise.
Home mortgage means a mortgage, as herein- after defined, granted over any premises that at the passing of this Act are used by the mortgagor, not being a farmer, exelusively or principally for his own occupation as a