Examples of Maximum Loan Rate in a sentence
Maximum Loan Rates for the Group 2 Mortgage Loans Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to-Value Maximum Loan Rate (%) Outstanding Loans Outstanding Balance Rate (months) Score Ratio -------------------------- ----------- ----- ----------- ------- ---- -------- ----- ----- 9.250....................
Maximum Loan Rates of the HELOCs(1)10.001 - 11.000 1 $ 65,000.00 0.01 % 11.001 - 12.000 49 6,412,235.54 0.51 17.001 - 18.000 21,811 1,245,251,490.14 99.48 Total 21,861 $ 1,251,728,725.68 100.00 % ___________________(1) The weighted average Maximum Loan Rate of the HELOCs as of the Cut-off Date was approximately 17.969% per annum.
For purposes of calculating the weighted average Maximum Loan Rate, uncapped HELOCs were excluded.
On the first Adjustment Date and on each Adjustment Date thereafter the Loan Rate on each Mortgage Loan will be adjusted to equal the sum of the Index and the related Cross Margin, generally rounded to the nearest multiple of 0.125%, subject to the periodic Rate Cap, the Maximum Loan Rate and the Minimum Loan Rate applicable to such Mortgage Loan.
Maximum Loan Rates for the Group 2 Mortgage Loans Percent of Weighted Weighted Aggregate Number Aggregate Average Average Average Principal of Principal Current Gross Remaining Balance Mortgage Balance Principal Mortgage Term Maximum Loan Rate (%) Outstanding Loans Outstanding Balance Rate (months) ----------------------------- ---------------- -------- ----------- ------------ -------- --------- 6.000.......................
Over the term of any such Mortgage Loan, the Loan Rate may not exceed the related Maximum Loan Rate, if any.
Maximum Loan Rates for the Group 1 Mortgage Loans Percent of Weighted Weighted Aggregate Number Aggregate Average Average Average Principal of Principal Current Gross Remaining Balance Mortgage Balance Principal Mortgage Term Maximum Loan Rate (%) Outstanding Loans Outstanding Balance Rate (months) ----------------------------- ---------------- -------- ----------- ------------ -------- --------- 16.000.......................
Maximum Loan Rates of the Group I HELOCs(1)11.001 - 12.000 33 $ 2,683,852.96 0.66 % 17.001 - 18.000 11,704 403,332,056.62 99.34 Total 11,737 $ 406,015,909.58 100.00 % ___________________(1) The weighted average Maximum Loan Rate of the Group I HELOCs as of the Cut-off Date was approximately 17.960% per annum.
Maximum Loan Rates Percent of Initial Subgroup 1 Number of Cut-Off Date HELOCs by Maximum Loan Rates Initial Balance Cut-Off Date (%) Subgroup 1 Balance HELOCs 14.001% to 15.000% 134 $2,566,007.77 1.52% 15.001% to 16.000% 105 2,386,049.11 1.42% 17.001% to 18.000% 1,646 34,544,278.83 20.53% 18.001% to 19.000% 5,356 128,798,970.58 76.53% Total 7,241 $168,295,306.29 100.00% The weighted average Maximum Loan Rate of the Initial Subgroup 1 HELOCs as of the Cut-Off Date is approximately 18.31%.
Maximum Loan Rates Percent of Initial Subgroup 2 Number of Cut-Off Date HELOCs by Maximum Loan Rates Initial Balance Cut-Off Date (%) Subgroup 2 Balance HELOCs 14.001% to 15.000% 1 $45,282.85 0.26% 15.001% to 16.000% 1 90,499.65 0.51% 17.001% to 18.000% 76 5,551,525.84 31.49% 18.001% to 19.000% 120 11,939,569.67 67.74% Total 198 $17,626,878.01 100.00% The weighted average Maximum Loan Rate of the Initial Subgroup 2 HELOCs as of the Cut-Off Date is approximately 18.32%.