Original Loan-to-Value Ratio definition

Original Loan-to-Value Ratio. With respect to any Mortgage Loan, the ratio of the principal balance of such Mortgage Loan at origination, or such other date as is specified, to the Original Value of the related Mortgage Property.

Original Loan-to-Value Ratio means the original balance of a mortgage loan divided by the original value of the mortgaged property.

Original Loan-to-Value Ratio. Not applicable.

Examples of Original Loan-to-Value Ratio in a sentence

• Weighted Average Original Loan-to-Value Ratio _____% ____% Weighted Average Remaining Term to Maturity.

• 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.

• 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.

• Mortgagor acknowledges that Mortgagee was induced to enter into the subject Loan transaction based upon a specific loan-to-value ratio (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.

• Original Loan-to-Value Ratio (%) ------------------------------------------------------------------------------------------------------------------------------------ Comb.

• Notwithstanding anything contained herein to the contrary, Mortgagee shall not request updated appraisals pursuant to this Section unless an Event of Default has occurred, or if required by any governmental law or regulation, or for good cause (i.e. Mortgagee has reason to believe the value of the Mortgaged Property has declined such that the Original Loan-to-Value Ratio [as defined below] is no longer maintained).

• Jika nilai Gross B/C Ratio kurang dari 1, maka tidak layak untuk dilaksanakan.

• Original Loan-to-Value Ratio Greater or Equal 80 --------------------------------------------------- 5.

• Notwithstanding anything contained herein to the contrary, Mortgagee shall not request updated appraisals pursuant to this Section unless: (a) an Event of Default has occurred, or (b) if required by any governmental law or regulation, or (c) no more than once in any calendar year, for good cause (i.e. Mortgagee has reason to believe the value of the Mortgaged Property has declined such that the Original Loan-to-Value Ratio [as defined below] is no longer maintained).

More Definitions of Original Loan-to-Value Ratio

Original Loan-to-Value Ratio. A Ratio representing the Original Loan Balance to the lower of the Original Appraised Value or Original Purchase Price. Example: 80.00. 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 time of Number 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 worksheet. Text Purpose of Loan A Code/literal used to identify the original purpose of the loan. See Text Enumerations worksheet. Prepayment Flag A Code/Flag to determine if loan was originated with a prepayment Text penalty. Prepayment Penalty Type T Code/literal to identify characteristics of penalty. Example: 6 MO Text INT ON 80% OBAL, 5/4/3/2/1, 3%. Prepayment Term A Orxxxxal number of months that penalty was imposed. Number Front Ratio T Front End Ratio at time of application. Mortgage debt to borrower Number income. Back Ratio T Back End Ratio at time of application. Total debt to borrower income. Number

Original Loan-to-Value Ratio. The original principal amount of a Mortgage Loan divided by the Appraised Value.