Maximum Mortgage Rate definition

Maximum Mortgage Rate. With respect to each Adjustable Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Mortgage Rate thereunder.
Maximum Mortgage Rate. With respect to each Adjustable Rate Mortgage Loan, a rate that (i) is set forth on the Data Tape Information and in the related Mortgage Note and (ii) is the maximum interest rate to which the Mortgage Rate on such Adjustable Rate Mortgage Loan may be increased during the lifetime of such Adjustable Rate Mortgage Loan.
Maximum Mortgage Rate. For each Mortgage Loan, the percentage set forth in the related Mortgage Note as the lifetime maximum Mortgage Rate to which such Mortgage Rate may be adjusted. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

Examples of Maximum Mortgage Rate in a sentence

  • In connection with any such assumption, no material term of the Mortgage Note (including, but not limited to, the Mortgage Rate, the amount of the Scheduled Payment, the Maximum Mortgage Rate, the Minimum Mortgage Rate, the Gross Margin, the Initial Periodic Rate Cap, the Subsequent Periodic Rate Cap, the Adjustment Date and any other term affecting the amount or timing of payment on the Mortgage Loan) may be changed.

  • Ultimately, my team and I developed a more representative user persona and, thus, a more engaging Instagram campaign because of the accurate information I got.

  • In these circumstances, it seems to me that we should not at this stage of the litigation engage, as the judge did, with the possible artificiality of the exercise of assessing a fee for the notional release of the right.27 It is sufficient to say that I do not think the judge was justified in relying on Patten J’s judgment in Murray, when that judge’s 23 Leaving to one side for a moment the debate about whether user damages themselves are actually to be regarded as compensatory.

  • The Interest rate shall not exceed the Maximum Mortgage Rate, calculated monthly, not in advance.”• if this is a Fixed Rate Mortgage, state whether it is repayable in instalments of interest only, or in blended instalments of principal and interest.

  • The weighted average Maximum Mortgage Rate for the Group 2 Adjustable Rate Mortgage Loans in the Mortgage Pool as of the Cut-off Date was approximately 15.565%.


More Definitions of Maximum Mortgage Rate

Maximum Mortgage Rate. As to any Mortgage Loan, the per annum rate indicated in Mortgage Loan Schedule hereto attached hereto as the "NOTE CEILING," which rate is the maximum interest rate that may be applicable to such Mortgage Loan at any time during the life of such Mortgage Loan.
Maximum Mortgage Rate. With respect to each Mortgage Loan, the maximum rate of interest set forth as such in the related Mortgage Note.
Maximum Mortgage Rate. As to any adjustable rate Mortgage Loan, the rate indicated in Exhibit F-2 hereto as the "NOTE CEILING," which rate is the maximum interest rate that may be applicable to such adjustable rate Mortgage Loan at any time during the life of such Mortgage Loan.
Maximum Mortgage Rate. With respect to each Adjustable Rate Mortgage Loan, the maximum Mortgage Rate.
Maximum Mortgage Rate. With respect to any adjustable-rate Mortgage Loan, the per annum rate indicated on the Mortgage Loan Schedule as the "NOTE CEILING," which rate is the maximum interest rate that may be applicable to such Mortgage Loan at any time during the life of such Mortgage Loan. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.
Maximum Mortgage Rate. With respect to each ARM Loan, the maximum Mortgage Rate. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.
Maximum Mortgage Rate. With respect to each ARM Loan, the maximum Mortgage Rate.