Amortization Type definition

Amortization Type has the meaning set forth in the Summary of Loan Terms.
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Amortization Type. Fixed Rate GPM Other (explain): ARM (type):   
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Amortization Type has the meaning set forth in the applicable Schedule of Advance Terms.
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Examples of Amortization Type in a sentence

  • No. of Months Interest Rate % Amount $ Lender Case Number Agency Case Number VA USDA/Rural Housing Service FHA Conventional Other (explain): Amortization Type: Fixed Rate GPM Other (explain): ARM (type): Purpose of Loan Purchase Refinance Construction Construction-Permanent Other (explain): Complete this line if construction or construction-permanent loan.

  • Consecutive monthly debt service installments (comprised of either interest only or principal and interest, depending on the Amortization Type), each in the amount of the applicable Monthly Debt Service Payment, shall be due and payable on the First Payment Date, and on each Payment Date thereafter until the Maturity Date, at which time all Indebtedness shall be due.

  • Date Originated (Mandatory - M); Original Loan/Investment Amount (M); Purpose (M); Interest – Rate, Fixed/Variable, Amortization Type; Equity-like Features; Term; Guarantee; Lien Position; Collateral – Type, Value at Origination; Forgivable Loan?; Principal Balance Outstanding; Loan Status (Active, Closed, etc.); Days Delinquent; Number of Times 60 Days or more Delinquent; Number of Times the Loan was Restruc- tured; Number of Times the Loan was Refinanced; Amount Charged Off; and Amount Recovered.

  • Type, Property Type, Purpose of Loan, Lien Status, HOEPA Status, Occupancy, Purchaser type, Amortization Type, Annual Percentage Rate (APR), and Rate Spread.

  • Amortization Type (level, staggered or bullet debt service amortization) The College will determine the appropriate duration and the specific amortization schedule of each debt issue by evaluating its overall debt portfolio.

  • There are three (3) filters:• Term – The system defaults to a 30-year term as WHEDA offers only 30-year mortgages.• Amortization Type – The system defaults to “Fixed” as WHEDA offers only fixed-rate mortgages (“FRMs”).• Product Type – While the system offers six (6) options, only “Conventional” or “FHA” may be selected.

  • AT = Amortization Type‌Use the Amortization Type Codes listed to identify the Amortization Type for all “added” vehicles.

  • Interest Rate: % Margin: % Index: % Life Cap: % Type of Loan: Term: Amortization Type: Loan Amount $: Origination Fee: % Discount Points: % Expiration Date: / / By signing this lock agreement, PLUM TREE MORTGAGE will float or lock your interest rate according to the terms set in this agreement.

  • PROPERTY INFORMATION AND PURPOSE OF LOANNo. of Months Interest Rate % Amount $ Lender Case Number Agency Case Number VA USDA/Rural Housing Service FHA Conventional Other (explain): Amortization Type: Fixed Rate GPM Other (explain): ARM (type): Purpose of Loan Purchase Refinance Construction Construction-Permanent Other (explain): Complete this line if construction or construction-permanent loan.

  • TISL is an Authorised Corporate Director (ACD) responsible for managing and administering the 57 funds covered in the report, in compliance with FCA Rules.


More Definitions of Amortization Type

Amortization Type. Fixed Rate GPM Other (explain): ARM (type):    II. PROPERTY INFORMATION AND PURPOSE OF LOAN Subject Property Address (street, city, state & ZIP)   No. of Units  Legal Description of Subject Property (attach description if necessary) Year Built   Purpose of Loan Purchase Construction Other (explain): Refinance Construction-Permanent Property will be: Primary Residence Secondary Residence Investment Complete this line if construction or construction-permanent loan.
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Amortization Type. [Select only one:]x Amortizingo Full Term Interest Onlyo Partial Interest Only Current Index The published Index that is effective on the Business Day immediately preceding the applicable Rate Change Date. Effective Date August 31, 2017 First Payment Date The first day of October, 2017. First Principal and Interest Payment Date Not Applicable Fixed Monthly Principal Component $625,448.95 Fixed Rate Amortization Factor 4.47% per annum Index One-Month Libor Initial Adjustable Rate 3.646% per annum. Initial Monthly Debt Service Payment $1,810,398.95 III. INFORMATION FOR $390,000,000 VARIABLE ADVANCE MADE AUGUST 31, 2017 Interest Accrual Method Actual/360 (computed on the basis of a three hundred sixty (360) day year and the actual number of calendar days during the applicable month, calculated by multiplying the unpaid principal balance of the Advance by the Interest Rate, dividing the product by three hundred sixty (360), and multiplying the quotient obtained by the actual number of days elapsed in the applicable month). Interest Only Term 0 months. Interest Rate Type Structured ARM Last Interest Only Payment Date Not Applicable Margin 2.415% Maturity Date The first day of September, 2027, or any later date to which the Maturity Date may be extended (if at all) pursuant to this Master Agreement in connection with an election by Borrower to convert the Interest Rate on the Advance to a fixed rate pursuant to the terms of this Master Agreement, or any earlier date on which the unpaid principal balance of the Advance becomes due and payable by acceleration or otherwise.
Sample 1
Amortization Type. A Generic category to describe loan type. See Enumerations Text worksheet. Original Amortization Term A Original Amortization Term of the loan in number of Number months. For fully amortizing loans would be the same as Original Term. For balloon loans this would exceed Original Term. For IO loans this would have no value. Interest Calculation Method A The basis on which interest is calculated. See Enumerations worksheet.
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Related to Amortization Type

  • Amortization Date means the earliest to occur of (i) the day on which any of the conditions precedent set forth in Section 6.2 are not satisfied, (ii) the Business Day immediately prior to the occurrence of an Event of Bankruptcy with respect to any Seller Party, (iii) the Business Day specified in a written notice from the Administrator following the occurrence of any other Amortization Event, and (iv) the date which is 30 days after the Administrator’s receipt of written notice from Seller that it wishes to terminate the facility evidenced by this Agreement.

  • Amortization rate means the amortization rate, as defined in Section 49-11-102, to be applied to the system that would have covered the retiree if the retiree's reemployed position were deemed to be an eligible, full-time position within that system.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2009-VFN Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Amortization Period means, with respect to any Series, or any Class within a Series, a period following the Revolving Period during which principal is distributed to Investor Certificateholders, which shall be the controlled amortization period, the principal amortization period, the rapid amortization period, or other amortization period, in each case as defined with respect to such Series in the related Supplement.

  • Early Amortization Event means any Early Amortization Event specified in Section 5.01 of the Indenture.

  • Amortization Amount shall have the meaning provided in Section 5.2(c).

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Rapid Amortization Event has the meaning given to it in Section 5.16.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Amortization Schedule means, with respect to each Equipment Note, the amortization schedule for such Equipment Note delivered pursuant to Section 2.02 of the Trust Indenture.

  • Rapid Amortization Period means the Amortization Period commencing on the Pay Out Commencement Date and ending on the earlier to occur of (a) the Series 2001-D Termination Date and (b) the termination of the Trust pursuant to Section 12.01 of the Agreement.

  • Amortization means the gradual extinguishment of an amount in an account by distributing such amount over a fixed period, over the life of the asset or liability to which it applies, or over the period during which it is anticipated the benefit will be realized.

  • Negative Amortization That portion of interest accrued at the Note Rate in any month which exceeds the Monthly Payment on the related Mortgage Loan for such month and which, pursuant to the terms of the Mortgage Note, is added to the principal balance of the Mortgage Loan.

  • Amortization Event has the meaning specified in Article IX.

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • Potential Amortization Event means an event which, with the passage of time or the giving of notice, or both, would constitute an Amortization Event.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • REO Principal Amortization With respect to any REO Property, for any calendar month, the excess, if any, of (a) the aggregate of all amounts received in respect of such REO Property during such calendar month, whether in the form of rental income, sale proceeds (including, without limitation, that portion of the Termination Price paid in connection with a purchase of all of the Mortgage Loans and REO Properties pursuant to Section 9.01 that is allocable to such REO Property) or otherwise, net of any portion of such amounts (i) payable pursuant to Section 3.23(c) in respect of the proper operation, management and maintenance of such REO Property or (ii) payable or reimbursable to the Servicer pursuant to Section 3.23(d) for unpaid Servicing Fees in respect of the related Mortgage Loan and unreimbursed Servicing Advances and P&I Advances in respect of such REO Property or the related Mortgage Loan, over (b) the REO Imputed Interest in respect of such REO Property for such calendar month.

  • Expected Amortization Schedule means, with respect to any Tranche, the expected amortization schedule related thereto set forth in the Series Supplement.

  • Depreciation and Amortization means the depreciation and amortization accruing during any period of determination with respect to a Person, as determined in accordance with GAAP.

  • Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.

  • Tax Event Repayment Date means the date set out in a notice from the Issuer to the Bondholders pursuant to Clause 10.4 (Early redemption option due to a tax event).

  • Scheduled Payment Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • S&P Recovery Rate With respect to a Collateral Obligation, the recovery rate set forth in Section 1 of Schedule 4 using the Initial Rating of the most senior Class of Secured Notes Outstanding at the time of determination.

  • Unscheduled Payments means (a) all Loss Proceeds that Borrower has elected or is required to apply to the repayment of the Debt pursuant to this Security Instrument, the Note or any other Loan Documents, (b) any funds representing a voluntary or involuntary principal prepayment other than scheduled Principal Payments and (c) any Net Proceeds.