Fully indexed rate means the inter- est rate calculated using the index or formula that will apply after recast, as determined at the time of consumma- tion, and the maximum margin that can apply at any time during the loan term.
Fully indexed rate means the index rate prevailing at the
Fully indexed rate means the index rate prevailing at the time a residential mortgage loan is made, plus the margin that will apply after the expiration of an introductory interest rate.
Examples of Fully indexed rate in a sentence
Borrower Qualification Numeric – Decimal 3472.43 9(9).99 Always >= 0 116 Fully Indexed Rate The fully indexed interest rate as of securitization cut-off.
Borrower Qualification Numeric – Decimal 0.35 9.999999 Always >= 0 and >= 1 116 Fully Indexed Rate The fully indexed interest rate as of securitization cut-off.
The Collection Account shall be held in one or more Eligible Deposit Accounts with a Qualified Institution in the form of interest-bearing trust accounts wherein the moneys therein are invested in Permitted Investments.
More Definitions of Fully indexed rate
Fully indexed rate means the index rate, as defined in the mortgage
Fully indexed rate means the index rate, as defined in the mortgage loan documents, prevailing at the time the mortgage loan is approved by the lender, plus the margin that will apply after the expiration of an introductory interest rate.
Fully indexed rate means, with respect to ARMs, the rate that would be paid by the borrower ("gross") or received by the Company as owner of the Mortgage Asset ("net") if the coupon rate on the ARM were able to adjust immediately to a market rate without being subject to adjustment periods, periodic caps, or life caps. It is equal to the current yield of the ARM index plus the gross or net margin.
Fully indexed rate means the index rate applicable
Fully indexed rate means the sum of the current value of the index used for the adjustable rate mortgage and the margin disclosed in the loan agreement.
Fully indexed rate means the interest rate calculated using the index or formula at the time of consummation and the maximum margin that can apply at any time during the loan term.
Fully indexed rate means the index rate prevailing at origination plus the margin* that will apply after the expiration of an introductory interest rate.