Original Loan-to-Value Ratio definition

Original Loan-to-Value Ratio. With respect to any Mortgage Loan, the ratio of the principal balance of such Mortgage Loan at origination, or such other date as is specified, to the Original Value of the related Mortgage Property.
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Original Loan-to-Value Ratio means the original balance of a mortgage loan divided by the original value of the mortgaged property.
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Original Loan-to-Value Ratio. Not applicable.
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Examples of Original Loan-to-Value Ratio in a sentence

  • Mortgagor acknowledges that Mortgagee was induced to enter into the subject Loan transaction based upon a specific loan-to-value ratio (the "Original Loan-to-Value Ratio").

  • Weighted Average Original Loan-to-Value Ratio _____% ____% Weighted Average Remaining Term to Maturity.

  • If any updated appraisal received by Mortgagee pursuant to Section 5.25 above reflects that the appraised value of the Mortgaged Property has decreased from the Original Appraised Value and if such decrease results in a loan-to-value ratio which is higher than the Original Loan-to-Value Ratio, Mortgagor shall within ten (10) days of Mortgagee's written request make a principal payment (the "Prepayment") under the Note in an amount sufficient to maintain the Original Loan-to-Value Ratio.

  • The Original Loan-to-Value Ratio was based upon the appraised value (the "Original Appraised Value") of the Mortgaged Property set forth in the appraisal Mortgagor submitted to Mortgagee prior to the closing of the subject Loan transaction.

  • Notwithstanding anything contained herein to the contrary, Mortgagee shall not request updated appraisals pursuant to this Section unless: (a) an Event of Default has occurred, or (b) if required by any governmental law or regulation, or (c) no more than once in any calendar year, for good cause (i.e. Mortgagee has reason to believe the value of the Mortgaged Property has declined such that the Original Loan-to-Value Ratio [as defined below] is no longer maintained).

  • If any updated appraisal received by Lender pursuant to this Section reflects that the appraised value of the Premises has decreased from the Original Appraised Value and if such decrease results in a loan to-value ratio which is higher than the Original Loan-to-Value Ratio, Mortgagor shall within ten (10) days of Lender’s written request make a principal payment (the “Prepayment”) under the Note in an amount sufficient to maintain the Original Loan-to-Value Ratio.

  • Avg.$ 1,099,999,5253,869 100.00%$ 284,311 6.381% 356.99 684 79.6%__________*The weighted average Original Loan-to-Value Ratio at origination of the Mortgage Loans as of the Cut-off Date was approximately 79.6%.

  • Original Loan-to-Value Ratios of the Group I Mortgage Loans(1) % of Aggregate Scheduled Principal Scheduled Principal Original Loan-to-Value Ratio Number of Initial Balance as of the Balance as of the (%) Mortgage Loans Cut-off Date Cut-off Date ------------------------------------ -------------------- --------------------- --------------------- 10.01 - 15.00.....................

  • Provided, however, if the Alternate Appraisal also reflects that the then appraised value of the Real Property has decreased from the Original Appraised Value and if such decrease results in a loan-to-value ratio which is higher than the Original Loan-to-Value Ratio, Borrower shall within thirty (30) days of Lender's delivery of the Alternate Appraisal to Borrower, pay the required Prepayment to Lender.

  • Original Loan-to-Value Ratio (%) ------------------------------------------------------------------------------------------------------------------------------------ Comb.


More Definitions of Original Loan-to-Value Ratio

Original Loan-to-Value Ratio. A Ratio representing the Original Loan Balance to the lower of the Original Appraised Value or Original Purchase Price. Example: 80.00. Original Appraised Value A Appraised value at time of application. Number Original Appraisal Date A Date of the original Appraisal Date Original Appraisal Firm A Name of the Appraisal firm Text Original Purchase Price A Price paid for home. Number Purchase BPO A BPO at the time of Purchase by GS. Number Purchase BPO Date A Date of the Purchase BPO Date Lien Position A Number used to identify the lien position in effect at the time of Number application. Example: 1, 2, 3 PMI Provider A Name or code for company providing private mortgage insurance. PMI Coverage Percentage A Percentage of insurance provided by PMI agreement. PMI Certificate ID A Unique ID to identify PMI insurance certificate. Occupancy Type A Occupancy status at time of application. See Enumerations worksheet. Text Purpose of Loan A Code/literal used to identify the original purpose of the loan. See Text Enumerations worksheet. Prepayment Flag A Code/Flag to determine if loan was originated with a prepayment Text penalty. Prepayment Penalty Type T Code/literal to identify characteristics of penalty. Example: 6 MO Text INT ON 80% OBAL, 5/4/3/2/1, 3%. Prepayment Term A Orxxxxal number of months that penalty was imposed. Number Front Ratio T Front End Ratio at time of application. Mortgage debt to borrower Number income. Back Ratio T Back End Ratio at time of application. Total debt to borrower income. Number
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Original Loan-to-Value Ratio. The original principal amount of a Mortgage Loan divided by the Appraised Value.
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Related to Original Loan-to-Value Ratio

  • Loan-to-Value Ratio With respect to any Mortgage Loan and as to any date of determination, the fraction (expressed as a percentage) the numerator of which is the principal balance of the related Mortgage Loan at such date of determination and the denominator of which is the Appraised Value of the related Mortgaged Property.

  • Current Loan-to-Value Ratio The Principal Balance of a Mortgage Loan as of the applicable date of substitution divided by the Appraised Value.

  • Loan-to-Value Ratio or LTV With respect to any Mortgage Loan, the ratio of the Stated Principal Balance of the Mortgage Loan as of the related Cut-off Date (unless otherwise indicated) to the lesser of (a) the Appraised Value of the Mortgaged Property and (b) if the Mortgage Loan was made to finance the acquisition of the related Mortgaged Property, the purchase price of the Mortgaged Property, expressed as a percentage.

  • Combined Loan-to-Value Ratio As of any date of determination, and with respect to second lien Mortgage Loans, the fraction, expressed as a percentage, the numerator of which is (i) the sum of (a) the outstanding principal balance of the related first-lien mortgage loan plus (b) the Stated Principal Balance of the related second-lien mortgage loan and the denominator of which is (ii) the Value of the related Mortgaged Property.

  • Combined Loan-to-Value Ratio or CLTV As of any date and as to any Second Lien Mortgage Loan, the ratio, expressed as a percentage, of the (a) sum of (i) the outstanding principal balance of the Second Lien Mortgage Loan and (ii) the outstanding principal balance as of such date of any mortgage loan or mortgage loans that are senior or equal in priority to the Second Lien Mortgage Loan and which are secured by the same Mortgaged Property to (b) the Appraised Value as determined pursuant to the Underwriting Guidelines of the related Mortgaged Property as of the origination of the Second Lien Mortgage Loan.

  • Loan to Value means the Net Interest Bearing Debt to the Value of the Properties in accordance with the most recent Valuation.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Class C Par Value Ratio means, as of any Measurement Date on and after the Effective Date, the ratio (expressed as a percentage) obtained by dividing (a) the amount equal to the Adjusted Collateral Principal Amount by (b) the sum of the Principal Amount Outstanding of each of the Class A Notes, the Class B Notes and the Class C Notes.

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Mortgage Loan Principal Balance means, at any date of determination, the aggregate principal balance of the Notes evidencing the Mortgage Loan.

  • Class D Par Value Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing (a) the amount equal to the Aggregate Collateral Balance less the Par Value Test Excess Adjustment Amount by (b) the sum of the Principal Amount Outstanding of each of the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes.

  • Maximum Advance Rate means 80.0%.

  • Term Loan Percentage means, for each Lender, the percentage of the Term Loan Commitments represented by such Lender’s Term Loan Commitment or, if the Term Loan Commitments have been terminated or have expired, the percentage held by such Lender of the aggregate principal amount of all Term Loans then outstanding.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • LTV means with respect to any Mortgage Loan, the ratio of the original outstanding principal amount of the Mortgage Loan to the lesser of (a) the Appraised Value of the Mortgaged Property at origination or (b) if the Mortgaged Property was purchased within 12 months of the origination of the Mortgage Loan, the purchase price of the Mortgaged Property.

  • Initial Loan is defined in Section 2.1.

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.