Loan Type Sample Clauses

Loan Type. No Mortgage Loan is a “pay option ARM,” “pick-a-payment” or similar type of mortgage loan or a home equity revolving line of credit.
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Loan Type. 1.1 The Creditor agrees to extend short-term loans to the Debtor.
Loan Type. 1.1 This agreement is the Short-or-medium term Working Capital Loan Agreement (the "Loan Agreement").
Loan Type. If you have a home loan or a construction loan, your loan type is stated in the Schedule as being either ‘personal’ or ‘investment’. If your loan type is ‘personal’ this means that you are an owner-occupier of the residential dwelling that is the subject of your loan. If your loan type is ‘investment’ this means that you are not an owner-occupier. You can apply to switch your loan type for your home loan or construction loan from a ‘personal’ loan to an ‘investment’ loan or vice versa at any time (including after the first loan advance) by applying in writing and paying the switching fee. While your loan type is ‘personal’ you must not rent the residential dwelling out or allow anyone to live in it without you, unless we have first agreed. If we agree to this, or if we determine that you’re no longer living there, we can require you to switch your loan type from ‘personal’ to ‘investment’. The same applies if your loan type is ‘investment’ and we identify that you’re no longer using the property for investment purposes. When you switch loan type, the annual percentage rate applying to your loan changes to the rate applicable to the loan type you have switched to. When you switch loan type, any discounts end unless we agree to a new discount.
Loan Type. For purposes of this Agreement, Loans may be classified and referred to by Type (e.g., a “Term SOFR Loan”). Borrowings also may be classified and referred to by Type (e.g., a “Term SOFR Borrowing”).
Loan Type. You pay the care provider directly for the cost of your placement. The Council will loan you the money less any contribution you have been assessed to pay from your income and savings. Payments are made from the Council in installments on a four weekly basis. The deferred payment builds up as a debt – which in most cases is cleared when the money tied up in your home is released. For many people this will be done by selling their home, either immediately or later on. You can also pay the debt back from another source if you want to. However, you do not have to sell your home if you don’t want to – you may, for example, decide to keep your home for the rest of your life and repay out of your estate. See section Other Options for further details.
Loan Type. 24 Loan-to-Value Ratio or LTV ...................................... 25
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