Refinance Loan definition
Refinance Loan. Any Mortgage Loan the proceeds of which are used to refinance an Original Mortgage Loan.
Refinance Loan means a loan made to an Illinois resident
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
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.
Refinance Loan -------------- Any Loan originated for the purpose of refinancing an existing mortgage loan.
Each Mortgage Loan originated in the state of Texas pursuant to Article XVI, Section 50(a)(6) of the Texas Constitution (a "Texas Refinance Loan") has been originated in compliance with the provisions of Article XVI, Section 50(a)(6) of the Texas Constitution, Texas Civil Statutes and the Texas Finance Code.
More Definitions of Refinance Loan
Refinance Loan. Any Loan originated for the purpose of refinancing an existing mortgage loan.
Refinance Loan means any Education Loan made to consolidate existing Education Loans and/or other Refinance Loans.
Refinance Loan means a new loan that pays off one or more previous NJCLASS Loan Program loans, NJCLASS Consolidation Loans, Federal Parent PLUS loans, and qualified private student loans. Refinance Loans enable a borrower with one or more existing loans to obtain one loan with one repayment schedule and one interest rate.
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 means the fixed rate loan made to a Borrower pursuant to this Loan Agreement for the purpose of refinancing the outstanding amounts payable at the time of such refinancing on one or more Prior Loans. "PRIOR LOAN" means a loan the proceeds of which were applied exclusively to payment of the cost of attendance at an Institution. "INSTITUTION" means a not for profit, degree-granting educational institution authorized by law to provide a program of education beyond the secondary school level that a student attended and that is either located in Massachusetts or on the Authority's list of approved Institutions provided to the Borrower in the Refinance Loan application materials. "STUDENT" means a person admitted or enrolled or previously enrolled at an Institution whose costs of attendance at the applicable Institution were financed by the applicable Prior Loans. "EXISTING LENDER/SERVICER" means any lender that made a Prior Loan or any servicer currently servicing a Prior Loan. The terms "FINANCE CHARGE," "TOTAL OF PAYMENTS" and "AMOUNT FINANCED" refer to the amounts disclosed on the Disclosure Statement and Itemization of Amount Financed that will be delivered to me prior to the disbursement of any funds, and which are incorporated by reference into this Loan Agreement. "DISBURSEMENT DATE" means the date on which you lend money to me in consideration of the delivery of this Loan Agreement, which will be the same as the date of the loan check or the date the loan funds are electronically transferred by the Authority to the Existing Lender/Servicer. "FIRST INSTALLMENT DATE" means the date the first monthly installment is due, which will be the 28th day of the month following the month in which the Disbursement Date occurs. "MATURITY DATE" means the date that is the 28th day of the month following the Disbursement Date. Important/Read This Information Carefully. Your receipt of this signed Loan Agreement does not obligate you to lend me money.
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.
Refinance Loan or “Loan” means a refinance (as opposed to a purchase) mortgage loan made to a Class Member by Bank of America during the Class Period through which he, she, or they paid off an existing mortgage loan secured by property located in West Virginia with a new mortgage loan secured by the same property in connection with which an Appraisal was ordered and performed such that the Class Member may be entitled to relief under this Agreement.