Examples of First Mortgage Loan in a sentence

The interest rate for the rest of the term of the First Mortgage Loan shall be Prime Rate (P) plus 2.375% (P+2.375%).
Any amounts collected by a Servicer under any such policy relating to a Mortgage Loan (for the avoidance of doubt, remaining after application of any such amounts to any related First Mortgage Loan) shall be deposited in the related Collection Account subject to withdrawal pursuant to Section 3.08.
The interest rate for the rest of the term of the First Mortgage Loan shall be Prime Rate (P) quoted by the First Mortgagee plus 1%（P+1%).
The Purchaser(s) may apply to the Vendor's designated financing company for the "First Mortgage Loan".
A discrepancy in Borrower’s names may result in a delay in the purchase of not only the Smart Start Loan but the First Mortgage Loan.

More Definitions of First Mortgage Loan

First Mortgage Loan and "Second Mortgage Loan". The term "Home Equity Loan" includes any Home Equity Loan which is Delinquent, which relates to a foreclosure or which relates to a Property which is REO Property prior to such Property's disposition by the Trust. Any home equity loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust by the Depositor, in fact was not transferred and assigned to the Trust for any reason whatsoever, including, without limitation, the incorrectness of the statement set forth in Section 3.04(b)(x) hereof with respect to such home equity loan, shall nevertheless be considered a "Home Equity Loan" for all purposes of this Agreement.

First Mortgage Loan means a loan or an extension of credit, including, but not limited to, an extension of credit pursuant to a contract or an assigned contract for the sale of goods or services, made to a natural person, the proceeds of which are to be used primarily for personal, family or household purposes, and which is secured by a first mortgage upon any interest in one-to-four-family residential owner-occupied real property located in this state which is not subject to any prior mortgages and includes the renewal or refinancing of an existing first mortgage loan;

First Mortgage Loan means a residential mortgage loan that is secured by a first mortgage;

First Mortgage Loan and "Second Mortgage Loan." The term "Mortgage Loan" includes any Mortgage Loan which is Delinquent, which relates to a foreclosure or which relates to a Property which is REO Property prior to such Property's disposition by the Trust. Any mortgage loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust by the Company, in fact was not transferred and assigned to the Trust for any reason whatsoever shall nevertheless be considered a "Mortgage Loan" for all purposes of this Agreement.

First Mortgage Loan. A Mortgage Loan that is secured by a first lien on the Mortgaged Property securing the related Mortgage Note. Fitch: Fitch, Inc., or any successor thereto.

First Mortgage Loan. A Mortgage Loan that is secured by a first lien on the Mortgaged Property securing the related Mortgage Note. Fitch: Fitch, Inc., or any successor thereto, located at One State Strexx Xxxxx 00xx Xxxxx, Xxx Xxxx, XX 00000.