Examples of Current Mortgage Rate in a sentence
On the next Regular Payment Date, all interest which has accumulated on Deferred Interest from the previous Regular Payment Date shall be added to and become part of the Loan Amount and will bear interest from and including the Regular Payment Date at the Current Mortgage Rate.
If you have a Variable Rate Loan, interest will be applied at the rate in existence at the time of the making of the first advance, and will be adjusted thereafter from time to time (both before and after the Interest Adjustment Date) at the from time to time existing Current Mortgage Rate.
Our Mortgage Prime Rate and the Current Mortgage Rate payable on the Loan Amount remain in effect until varied as above.
At any particular time, the Interest Rate chargeable under the Mortgage is called the "Current Mortgage Rate".
The Approximate Weighted Average Current Mortgage Rate is the approximate weighted average of the interest rates of the Mortgage Loans underlying the related Trust MBS.
The principal and interest payment will be recalculated every time the CIBC Prime Rate changes, based on the Current Mortgage Rate and the remaining amortization period of the Mortgage.The interest rate will change automatically every time there is a change in the CIBC Prime Rate.
Interest is payable at the frequency shown in the schedule to the registered document.Because the interest rate on your Loan is variable, the interest rate in effect at any particular time is your Current Mortgage Rate for the Adjustable Rate Loan.The interest rate will be the CIBC Prime Rate, plus or minus the number of percentage points, if any, as shown in the schedule to the registered document.
The principal and interest Loan payment will be recalculated every time the CIBC Prime Rate changes, based on the Current Mortgage Rate and the remaining amortization period of the Mortgage.Interest is compounded semi-annually, not in advance.
For each Current Mortgage Rate calculated monthly not in advance, you can find what the equivalent interest rate is calculated half-yearly not in advance.If there is a need to prove the CIBC Prime Rate in effect at any time, you agree that a certificate from us stating the rate will be considered as conclusive evidence of the rate in effect at that time.
The principal and interest Loan payment amount will be recalculated every time the CIBC Prime Rate changes, based on the Current Mortgage Rate and the remaining amortization period on the mortgage.