Original Appraised Value definition

Original Appraised Value means the stated U.S. dollar value contained in the Appraisal delivered prior to the Funding Date regarding the fair market value of a Property, which value shall be the “as is” value set forth in such Appraisal; provided, however, that the Original Appraised Value for any Financed SF Property shall be deemed to be zero with respect to any Financed SF Property that is an Ineligible SF Property.

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Original Appraised Value. A Appraised value at time of application. Number Original Appraisal Date A Date of the original Appraisal Date Original Appraisal Firm A Name of the Appraisal firm Text Original Purchase Price A Price paid for home. Number Purchase BPO A BPO at the time of Purchase by GS. Number Purchase BPO Date A Date of the Purchase BPO Date Lien Position A Number used to identify the lien position in effect at the Number time of application. Example: 1, 2, 3 PMI Provider A Name or code for company providing private mortgage insurance. PMI Coverage Percentage A Percentage of insurance provided by PMI agreement. PMI Certificate ID A Unique ID to identify PMI insurance certificate. Occupancy Type A Occupancy status at time of application. See Enumerations Text worksheet. Purpose of Loan A Code/literal used to identify the original purpose of the Text loan. See Enumerations worksheet. Prepayment Flag A Code/Flag to determine if loan was originated with a Text prepayment penalty. Prepayment Penalty Type T Code/literal to identify characteristics of penalty. Text Example: 6 MO INT ON 80% OBAL, 5/4/3/2/1, 3%. Prepayment Term A Origina▇ ▇▇mber of months that penalty was imposed. Number Front Ratio T Front End Ratio at time of application. Mortgage debt to Number borrower income. Back Ratio T Back End Ratio at time of application. Total debt to Number borrower income.

Original Appraised Value means, with respect to each Individual Property, the amount set forth on Schedule I attached hereto.

Examples of Original Appraised Value in a sentence

If any updated appraisal received by Mortgagee pursuant to Section 5.25 above reflects that the appraised value of the Mortgaged Property has decreased from the Original Appraised Value and if such decrease results in a loan-to-value ratio which is higher than the Original Loan-to-Value Ratio, Mortgagor shall within ten (10) days of Mortgagee's written request make a principal payment (the "Prepayment") under the Note in an amount sufficient to maintain the Original Loan-to-Value Ratio.
If any updated appraisal received by Lender pursuant to this Section reflects that the appraised value of the Premises has decreased from the Original Appraised Value and if such decrease results in a loan to-value ratio which is higher than the Original Loan-to-Value Ratio, Mortgagor shall within ten (10) days of Lender’s written request make a principal payment (the “Prepayment”) under the Note in an amount sufficient to maintain the Original Loan-to-Value Ratio.
The Original Loan-to-Value Ratio was based upon the appraised value (the "Original Appraised Value") of the Mortgaged Property set forth in the appraisal Mortgagor submitted to Mortgagee prior to the closing of the subject Loan transaction.
Ratio representing the sum of the Original Loan Balance plus Original Senior Lien Amount to the Original Appraised Value 85.23 Original Appraised Value Appraised value at time of application.
Text ------------------------------------------------------------------------------------------------ Original Loan To Value Ratio representing the Original Loan Balance to the lower of the Ratio Original Appraised Value or Original Purchase Price.
Text ------------------------------------------------------------------------------------------------------------------------------ Original Loan To Value Ratio Ratio representing the Original Loan Balance to the lower of the Original Appraised Value or Original Purchase Price.
Provided, however, if the Alternate Appraisal also reflects that the then appraised value of the Real Property has decreased from the Original Appraised Value and if such decrease results in a loan-to-value ratio which is higher than the Original Loan-to-Value Ratio, Borrower shall within thirty (30) days of Lender's delivery of the Alternate Appraisal to Borrower, pay the required Prepayment to Lender.

More Definitions of Original Appraised Value

Original Appraised Value means, with respect to each Individual Property, the amount set forth on SCHEDULE I attached hereto.

Original Appraised Value means the stated U.S. dollar value contained in theAppraisal delivered prior to the Funding Date regarding the fair market value of a Property, which value shall be the “as is” value set forth in such Appraisal; provided, however, that the Original Appraised Value for any Financed SF Property shall be deemed to be zero with respect to any Financed SF Property that is an Ineligible SF Property.