Mortgage Interest Rate definition

Mortgage Interest Rate. The annual rate of interest borne on a Mortgage Note.

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Mortgage Interest Rate. For any Mortgage Loan, the per annum rate at which interest accrues on such Mortgage Loan pursuant to the terms of the related Mortgage Note.

Mortgage Interest Rate means the Mortgage Interest Rate set forth in the Mortgage Loan Schedule with respect to each of Note A-1 and Note A-2.

Examples of Mortgage Interest Rate in a sentence

• All Mortgage Interest Rate adjustments have been made in strict compliance with state and federal law and the terms of the related Mortgage Note.

• With respect to adjustable rate Purchased Mortgage Loans, the Mortgage Interest Rate is adjusted on each Interest Rate Adjustment Date to equal the Index plus the Gross Margin (rounded up or down to the nearest .125%) subject to the Mortgage Interest Rate Cap.

• The Mortgage Interest Rate as well as the lifetime rate cap and the periodic cap are as set forth on the Loan Schedule, as applicable.

• All Mortgage Interest Rate adjustments have been made in strict compliance with applicable state and federal law and the terms of the related Note.

• The Mortgage Interest Rate on each Underlying Loan adjusts periodically in accordance with the Credit Line Agreement to equal the sum of the index and the related Gross Margin.

More Definitions of Mortgage Interest Rate

Mortgage Interest Rate. The annual rate of interest borne on a Mortgage Note, after giving effect to any applicable Relief Act Reduction.

Mortgage Interest Rate. The annual rate at which interest accrues from time to time on any Mortgage Loan pursuant to the related Mortgage Note, which rate is equal to the "Mortgage Interest Rate" set forth with respect thereto on the Mortgage Loan Schedule.

Mortgage Interest Rate. As to any Mortgage Loan, the per annum rate at which interest accrues on the unpaid principal balance thereof as set forth in the related Mortgage Note, which rate is as indicated on the Mortgage Loan Schedule.

Mortgage Interest Rate means the rate of interest borne on a Mortgage Loan from time to time in accordance with the terms of the related Mortgage Note.

Mortgage Interest Rate means, with respect to each Mortgage Loan, the annual rate at which interest accrues on such Mortgage Loan from time to time in accordance with the provisions of the related Mortgage Note.

Mortgage Interest Rate. The annual rate of interest borne on a Mortgage Note. With respect to ARM Mortgage Loans, the Mortgage Interest Rate shall be adjusted from time to time in accordance with the provisions of the Mortgage Note.

Mortgage Interest Rate means the Mortgage Interest Rate set forth in the Mortgage Loan Schedule with respect to each of Note ▇-▇, ▇▇▇▇ ▇-▇, ▇▇▇▇ ▇-▇ and Note A-4.