Refinance Loan definition

Refinance Loan. Any Mortgage Loan the proceeds of which are used to refinance an Original Mortgage Loan.
Refinance Loan. Any Mortgage Loan the proceeds of which are used to refinance an existing mortgage loan.
Refinance Loan. The Loan is a refinancing of existing indebtedness and, except to the extent specifically required by Lender, there is to be no change in the ownership of either the Mortgaged Property or Borrower Principals. The intended use of any cash received by Borrower from Lender, to the extent applicable, in connection with the refinancing has been fully disclosed to Lender.

Examples of Refinance Loan in a sentence

  • With respect to each Texas Refinance Loan that is a Cash-Out Refinancing, the related Mortgage Loan Documents state that the Mortgagor may prepay such Texas Refinance Loan in whole or in part without incurring a Prepayment Penalty.

  • The purpose of the Loan is as indicated by the checked boxes below: [ X ] Refinance Loan: The Loan is a refinancing of existing indebtedness and, except to the extent specifically required by Lender, there is to be no change in the ownership of either the Mortgaged Property or Borrower Principals.

  • Original Loan ------------- The mortgage loan refinanced in connection with the origination of a Refinance Loan.

  • With respect to each Texas Refinance Loan that is a Cash Out Refinancing, the related Mortgage Loan Documents state that the Mortgagor may prepay such Texas Refinance Loan in whole or in part without incurring a Prepayment Charge.

  • The Seller does not collect any such Prepayment Penalties in connection with any such Texas Refinance Loan.


More Definitions of Refinance Loan

Refinance Loan means any Education Loan made to consolidate existing Education Loans and/or other Refinance Loans.
Refinance Loan means any loan or loans obtained by the General Partner on behalf of the Partnership to refinance a Loan or any prior Refinance Loan, on such terms and conditions as are acceptable to the General Partner. Any Refinance Loan may be secured by a lien against any one or more of the Projects, shall be at current market rates and current market terms and conditions, and may include all amounts necessary to pay off the Loan (or a prior Refinance Loan if applicable), all costs and expenses in obtaining such Refinance Loan, and such other amounts as determined by the General Partner in its sole discretion. Any Refinance Loan shall be on such terms and conditions as are acceptable to the General Partner, in its sole and absolute discretion, without the joinder of the Limited Partners; provided; however, that such Refinance Loan shall be non-recourse as to the Limited Partners.
Refinance Loan. At any time: (a) prior to the Effective Date, the loan made to Borrower by US Bank pursuant to that certain Loan Agreement dated July 31, 1997 (as amended, modified or supplement from time to time being the "Refinance Loan Agreement") refinancing the Borrower's Indebtedness with respect to Borrower's sports and health club facilities respectively located in Bloomington, MN, Eagan, MN and Woodbury, MN (each a "Refinance Project" and collectively the "Refinance Projects" at any time prior to the Effective Date or, on and after the Effective Date, a Project); or (b) on and after the Effective Date, such loan as amended and restated by the Series F Loan.
Refinance Loan. As defined in Section 10.
Refinance Loan means the loan related to that security deed dated May 1, 2003 from Consumer to Wells Fargo Home Mortgage, Inc. filed August 6, 2003 at Deed Book 13812, Page 3028, Cobb county, Georgia records, in the original amount of $85,659.00.