Equal Installments. Except for Equity Builder Contracts, each Fixed Rate Contract has a fixed APR and provides for level monthly, bi-weekly or semi-monthly payments of principal and interest which fully amortize the loan over its term. If the Contract is an Adjustable Rate Contract, it has a variable APR based on the Index. The Contract is an Actuarial Contract.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Vanderbilt Mortgage & Finance Inc), Pooling and Servicing Agreement (Vanderbilt Mortgage & Finance Inc), Pooling and Servicing Agreement (Vanderbilt Mortgage & Fin Inc Sen Sub Pa Th Cert Ser 2002-1)
Equal Installments. Except for Equity Builder Escalating Principal Payment Contracts and the Step-up Rate Contracts, each Fixed Rate Contract has a fixed APR and provides for level monthly, bi-weekly or semi-monthly payments of principal and interest which fully amortize the loan over its term. If the Contract is an Adjustable Rate Contract, it has a variable APR based on the Index. The Contract is an Actuarial Contract.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Vanderbilt Mortgage & Fi in Ma Ho Co Sr Su Pa Th C Se 2001a)
Equal Installments. Except for Equity Builder Contracts, each Fixed Rate Contract has a fixed APR and provides for level monthly, bi-weekly or semi-monthly payments of principal and interest which fully amortize the loan over its term. If the Contract is an Adjustable Rate Contract, it has a variable APR based on the Index. The Contract is an Actuarial Contract.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Senior Subordinate Pass Through Cert Series 2003-A)
Equal Installments. Except for Equity Builder Escalating Principal Payment Contracts ------------------ and the Step-up Rate Contracts, each Fixed Rate Contract has a fixed APR and provides for level monthly, bi-weekly or semi-monthly payments of principal and interest which fully amortize the loan over its term. If the Contract is an Adjustable Rate Contract, it has a variable APR based on the Index. The Contract is an Actuarial Contract.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Vanderbilt Mort & Fin Inc Sen Sub Pass THR Cert Ser 2000-D)
