MORTGAGE EXPENSE definition

MORTGAGE EXPENSE means, for any period and with respect to any Facility, the total amount payable during such period by the mortgagor of such Facility to the Company, a Subsidiary of the Company or any third party under any participating agreement relating to a Mortgage, including, without limitation, (a) interest and principal (as adjusted from time to time) plus (b) all incremental charges to which the Facility is subject under the Mortgage.
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MORTGAGE EXPENSE for any period and with respect to any Facility, the total amount payable during such period by the mortgagor of such Facility to any Borrower, including, without limitation, (a) interest and principal (as adjusted from time to time) plus (b) all incremental charges to which the Facility is subject under the mortgage.
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MORTGAGE EXPENSE means for any period and with respect to any Investment Facility, the total amount payable during such period by the mortgagor of such Investment Facility to the Guarantor, including, without limitation, (a) interest and principal (as adjusted from time to time) plus (b) all incremental charges to which the Investment Facility is subject under the mortgage.
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Examples of MORTGAGE EXPENSE in a sentence

  • Extra Mortgage Expense – If “you” are required to obtain a new mortgage as a result of a covered homeowner loss, “we” will pay up to $250 per month for a maximum of three years for any additional interest “you” may be required to pay above the highest rate of interest applicable to “your” mortgage agreement at the time of loss.

  • Insurance expenses (not included in employee expenses, premises and fixed assets expenses, and other real estate owned expenses)BHCK Y924Amount 0 M.7.m.TEXTn. 8565 TEXTo. 8566 TEXTp. 8567Secondary Market Mortgage Expense 8565 8566 8567 464N/A N/A M.7.n. M.7.o. M.7.p.Memo items 8.a.(1) through Memo item 8.b.(2) is reported by holding companies with $5 billion or more in total assets.

  • Additional Monthly Mortgage Expense – We will pay that part of the additional monthly mortgage expense on the replacement dwelling because of a higher interest rate for the same principal amount as the first mortgage on your dwelling at the time of loss.

  • Any funds required for the project above the amounts provided by the FMA grant shall be the sole responsibility of the Homeowner.

  • IN THE HOUSE OF REPRESENTATIVESJUNE 25, 2008Mr. MCCOTTER introduced the following bill; which was referred to the Committee on Ways and Means A BILLTo amend the Internal Revenue Code of 1986 to allow indi- viduals to establish Home Ownership Mortgage Expense Accounts (HOME Accounts) which may be used to pur- chase, remodel, or make mortgage payments on the prin- cipal residence of the taxpayer.

  • Debtor seeks to use the $1,113.00 monthly mortgage payment for her surrendered property as a reasonable Mortgage Expense although this amount is $582.00 more than the standard of$531.00 for a household of two in Trumbull County, Ohio established by the IRS.

  • Mortgage Expense of: 28.00%Principal and Interest (P&I) only.4. Down Payment of:5.00% 5.

  • As set forth above, Debtor’s Mortgage Expense should be reduced, thus increasing the Schedule J amount of disposable income.of $128.20 ($250.00 - $121.80) to $275.33 ($397.13 - $121.80),which could be used to fund a chapter 13 plan.

  • This Court - in weighing the totality of the circumstances - cannot in good conscience allow Debtor to use the monthly mortgage payment for surrendered property as a legitimate Mortgage Expense when Debtor is neither making such mortgage payment nor is the amount consistent with IRS standards.

  • We will pay the Monthly Mortgage Expense Benefit on your House up to the amount shown on the AD&D Plan Highlights for the time period specified if all of the following are met:1.


More Definitions of MORTGAGE EXPENSE

MORTGAGE EXPENSE means, for any period and with respect to any Mortgage Project, the total amount payable during such period by the mortgagor of such Project to any Borrower, including, without limitation, (a) interest and principal (as adjusted from time to time) plus (b) all incremental charges to which the Project is subject under the mortgage.
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MORTGAGE EXPENSE means the monthly payment for mortgage principal and interest as well as any monthly mortgage insurance premium.
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Related to MORTGAGE EXPENSE

  • Mortgage Policies has the meaning specified in Section 6.13(b)(ii).

  • Consolidated Depreciation and Amortization Expense means, with respect to any Person for any period, the total amount of depreciation and amortization expense, including the amortization of deferred financing fees or costs, capitalized expenditures, customer acquisition costs and incentive payments, conversion costs and contract acquisition costs, the amortization of original issue discount resulting from the issuance of Indebtedness at less than par and amortization of favorable or unfavorable lease assets or liabilities, of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP.

  • Common expense means costs incurred by the association to exercise any of the powers provided for in the association's governing documents.