Adjustable Rate Mortgage Loan definition

Adjustable Rate Mortgage Loan. A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.
Adjustable Rate Mortgage Loan. Each of the Mortgage Loans identified in the Mortgage Loan Schedule as having a Mortgage Rate that is subject to adjustment.
Adjustable Rate Mortgage Loan. An adjustable rate Mortgage Loan.

Examples of Adjustable Rate Mortgage Loan in a sentence

  • Reed dated October, 31 2000 and recorded November 14, 2000 in the Chester County Recorder of Deeds in Book 4851, Page 0743 as Instrument Number 0074304.PLAINTIFF: U.S. Bank National Association, as Trustee for Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2005-8XSVSDEFENDANT: JUDITH E.

  • Generally, any such prepayment charge will apply, in the case of a Fixed Rate Mortgage Loan, to prepayments made within five years from the date of execution of the related Mortgage Note and, in the case of an Adjustable Rate Mortgage Loan, to prepayments made prior to the first Adjustment Date for that Mortgage Loan.

  • Structured Adjustable Rate Mortgage Loan Trust 2006-9 Prospectus Supplement, September 28, 2006, at S-55.

  • GuidanceFor information about the ARM Loan and SARM Loan conversion process, refer to Frequently Asked Questions (FAQs) Exercising the Fixed Rate Conversion Option for an Adjustable Rate Mortgage Loan (ARM Loan) or a Structured ARM Loan (SARM Loan).

  • Adjustment Date: As to any Adjustable Rate Mortgage Loan, the first Due Date on which the related Mortgage Rate adjusts as set forth in the related Mortgage Note and each Due Date thereafter on which the Mortgage Rate adjusts as set forth in the related Mortgage Note.


More Definitions of Adjustable Rate Mortgage Loan

Adjustable Rate Mortgage Loan. An adjustable rate Mortgage Loan purchased pursuant to this Agreement.
Adjustable Rate Mortgage Loan. Any Mortgage Loan as to which the related Mortgage Note provides for the adjustment of the Mortgage Rate applicable thereto.
Adjustable Rate Mortgage Loan. A Mortgage Loan identified in the Mortgage Loan Schedule as having a Mortgage Rate that is adjustable.
Adjustable Rate Mortgage Loan. A Mortgage Loan which provides for an adjustable Mortgage Rate payable with respect thereto.
Adjustable Rate Mortgage Loan. A first lien Mortgage Loan which provides at any period during the life of such loan for the adjustment of the Mortgage Rate payable in respect thereto. The Adjustable Rate Mortgage Loans are identified as such on the Mortgage Loan Schedule.
Adjustable Rate Mortgage Loan means a Mortgage Loan which provides for the adjustment of the Mortgage Interest Rate payable in respect thereto.
Adjustable Rate Mortgage Loan. A Mortgage Loan with a Mortgage Rate that is subject to periodic adjustment calculated on the basis of the Index, plus an applicable Gross Margin. Each Adjustable Rate Mortgage Loan is secured by a first lien on the related Mortgaged Property.