Interest Only Term Clause Samples
An Interest Only Term clause defines a period during a loan or credit agreement when the borrower is required to pay only the interest on the principal balance, without reducing the principal itself. During this term, monthly payments consist solely of interest charges, and the principal remains unchanged until the end of the interest-only period, after which regular principal and interest payments typically begin. This clause is commonly used to provide borrowers with lower initial payments, often to improve cash flow or accommodate short-term financial needs, and it clarifies the payment structure to prevent misunderstandings about repayment obligations.
Interest Only Term of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average Weighted of Date Date Gross Remaining Combined Average Mortgage Principal Principal Interest Term Original FICO Interest Only Term Loans Balance ($) Balance Rate (%) (months) LTV Score ------------------------------------------------------------------------------------------------------------------------------------ 60 648 203,871,131 100.00 6.313 358 81.27 682 ------------------------------------------------------------------------------------------------------------------------------------ Total: 648 203,871,131 100.00 6.313 358 81.27 682 ------------------------------------------------------------------------------------------------------------------------------------
Interest Only Term of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average of Date Date Gross Remaining Comb Mortgage Principal Principal Interest Term Original Interest Only Term Loans Balance ($) Balance Rate (%) (months) LTV ---------------------------------------------------------------------------------------------------------------------------- 0 929 149,048,263 96.21 7.038 352 78.41 60 26 5,863,904 3.79 6.147 357 77.70 ---------------------------------------------------------------------------------------------------------------------------- Total: 955 154,912,167 100.00 7.004 352 78.38 This information is being delivered to a specific number of prospective sophisticated investors in order to assist them in determining whether they have an interest in the type of security described herein. It has been prepared solely for information purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. This material is based on information that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers relia▇▇▇. ▇o▇▇▇▇ ▇▇anley makes no represe▇▇▇▇▇▇n ▇▇ ▇▇▇ranty with respect to t▇▇ ▇▇▇u▇▇▇▇ ▇▇ completeness of the information, or with respect to the terms of any future offer of securities conforming to the terms hereof. Any such offer of securities would be made pursuant to a definitive Prospectus or Private Placement Memorandum, as the case may be, prepared by the issuer which could contain material information not contained herein and to which the prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded, amended and supplemented in its entirety by such Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement Memorandum will contain all material information in respect of any securities offered thereby and any decision to invest in such securities should be made solely in reliance upon such Prospectus or Private Placement Memorandum. The information contained here in may be based on certain assumptions regarding market conditions and other matters and is therefore subject to change. We make no representations regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied on for such purposes. No representation is ma...
Interest Only Term of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average of Date Date Gross Remaining Comb Mortgage Principal Principal Interest Term Original Interest Only Term Loans Balance ($) Balance Rate (%) (months) LTV ------------------------------------------------------------------------------------------------------------------------- 0 2,462 228,010,672 100.00 8.496 266 87.41 ------------------------------------------------------------------------------------------------------------------------- Total: 2,462 228,010,672 100.00 8.496 266 87.41
Interest Only Term a code indicating if the Mortgage Loan is a MERS Mortgage Loan and, if so, the MIN;
Interest Only Term. Credit Score ----------------------------------------------------------------------------------------------------------------------------- % of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average Weighted of Date Date Gross Remaining Combined Average Mortgage Principal Principal Interest Term Original FICO Credit Score Loans Balance ($) Balance Rate (%) (months) LTV Score ----------------------------------------------------------------------------------------------------------------------------- 575 - 599 179 37,457,672 21.9 6.563 357 82.64 590 600 - 624 227 51,700,799 30.22 6.429 357 83.11 614 625 - 649 154 38,149,147 22.3 6.249 357 83.09 636 650 - 674 95 22,486,391 13.14 6.076 357 82.84 658 675 - 699 32 8,976,714 5.25 5.861 357 82.12 685 700 - 724 21 5,835,485 3.41 5.731 353 82.24 711 725 - 749 11 3,255,734 1.9 5.411 341 82.17 738 750 - 774 8 2,450,950 1.43 5.493 334 82.6 760 775 - 799 2 456,000 0.27 4.648 318 79.04 779 800 + 1 306,400 0.18 5.075 357 80 801 ----------------------------------------------------------------------------------------------------------------------------- Total: 730 171,075,293 100 6.278 356 82.84 631 ----------------------------------------------------------------------------------------------------------------------------- Minimum: 575 Maximum: 801 Weighted Average: 631
Interest Only Term. 36 months.
Interest Only Term of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average Weighted of Date Date Gross Remaining Combined Average Back Mortgage Principal Principal Interest Term Original FICO DTI Interest Only Term Loans Balance ($) Balance Rate(%) (months) LTV Score Ratio ------------------ -------- ----------- --------- -------- --------- -------- -------- ----- 0 1,670 218,079,765 64.04 7.235 337 82.58 629 40.40 60 490 122,442,397 35.96 6.712 356 80.31 642 42.69 Total: 2,160 340,522,162 100.00 7.047 344 81.76 634 41.23
Interest Only Term. 24 months. Form 4100-PIO Mltifamily Interest Only Fixed Note Bellevue Manor Interest Rate: The annual rate of six and 185/1000 percent (6.185%).
Interest Only Term. Notwithstanding anything in the Loan Agreement to the contrary, ▇▇▇▇▇▇▇▇, Guarantor, and Administrative Agent hereby acknowledge and agree that on the first Payment Date following the Effective Date until the Maturity Date (as extended hereunder), the Loan will be interest only through and including the Maturity Date and Borrower shall not be required to make Monthly Principal Payments on the Loan.
Interest Only Term. 24 months. Form 4100-PIO Mltifamily Interest Only Fixed Note Bellevue Manor Interest Rate: The annual rate of six and 185/1000 percent (6.185%).