Examples of Net Mortgage Interest Rate in a sentence
In addition, such Substitute Mortgage Loan shall have a Loan-to-Value Ratio less than or equal to and a Net Mortgage Interest Rate equal to that of the Mortgage Loan for which it is substituted.
The Seller further agrees that a substituted mortgage loan will have (i) an unpaid principal balance no greater than the Scheduled Principal Balance of the Mortgage Loan for which it is substituted (after giving effect to the scheduled principal payment due in the month of substitution on the Mortgage Loan for which such mortgage loan is substituted) and (ii) a Net Mortgage Interest Rate equal to and a Loan-to-Value Ratio no greater than that of the Mortgage Loan for which it is substituted.
In addition, such Substitute Mortgage Loan (i) shall have a Loan-to-Value Ratio less than or equal to and a Net Mortgage Interest Rate equal to that of the Mortgage Loan for which it is substituted, (ii) shall have the same Gross Margin and Index as that of the Mortgage Loan for which it is substituted and (iii) shall have the same frequency of mortgage rate adjustment as that of the Mortgage Loan for which it is substituted.
Fee Net Mortgage Interest Rate Payment Date Maturity/ARD Date Final Mat Date ARD Step Up (%) Term Rem.
On the related Closing Date, the Purchaser shall pay to the Company for the Mortgage Loans in the related Mortgage Loan Package the sum of (i) the Stated Principal Balance of such Mortgage Loans multiplied by the Purchase Price Percentage, plus (ii) an amount equal to accrued and unpaid interest on the Mortgage Loans at the Net Mortgage Interest Rate, from and including the related Cut-Off Date through and including the day before the related Closing Date.