Examples of Premium Mortgage Loan in a sentence
A fraction, expressed as a percentage, (a) for each Discount Mortgage Loan, the numerator of which is ____% minus the Net Note Rate and the denominator of which is ____% and (b) for each Premium Mortgage Loan, 0.0%.
Notwithstanding the foregoing, for each Distribution Date occurring on or after the month following the month of the first rate adjustment date for any Mortgage Loan, the WIO Rate with respect to such Premium Mortgage Loan will be zero.
Group 2 Premium Mortgage Loan: Any Group 2 Mortgage Loan with a Net Mortgage Interest Rate on the closing date that is equal to or greater than [%] per annum.
I-38 Premium Mortgage Loan..............................................................................
Premium Mortgage Loan: Any Mortgage Loan with a Net Mortgage Interest Rate that is equal to or more than 7.750% per annum.