Relocation Loans definition

Relocation Loans. Mortgage loans made to employees of corporations who have a substantial portion of the costs related to the mortgage loan reimbursed by their employer. Some of the expenses eligible for consideration include closing costs and discount points or real estate commissions. Because mortgagors of Relocation Loans generally are more likely to be transferred by their employers than mortgagors in general, Relocation Loans are generally believed to prepay faster than other loans with similar characteristics that are not Relocation Loans.
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Examples of Relocation Loans in a sentence

  • Notwithstanding any other provisions of this Section, I agree to pay at least $50 per month, or the entire unpaid balance, whichever is less, on all my Sallie Mae Residency and Relocation Loans combined.

  • Notwithstanding paragraphs 3, 4 and 6 of this Section, I agree to pay at least $50 per month, or the unpaid balance, whichever is less, on all my Sallie Mae Residency and Relocation Loans combined.

  • Suggested Eligibility Relocation Loans are available to owner-occupiers in housing demolition areas and/or areas subject to a Neighbourhood Options Appraisal, who cannot reasonably afford to gain access to commercial loans.

  • Business Relocation Loans can be made available to businesses relocating because of statutory and non- statutory housing-based clearance programmes, subject to sufficient funding being available.

  • Resources will also be used to fund Relocation Loans where appropriate to support low income homeowners to move.

  • Business Relocation Loans are in the form of a Property Appreciation Loan (PAL) provided by Wirral Council.

  • Equity Relocation Loans are new discretionary financial products which can be made available to owner- occupiers moving home due to statutory and non-statutory housing clearance programmes, subject to sufficient funding being available.

  • Relocation Loans can only be accessed following the recommendation of an IFA on the Council’s list.

  • As with Relocation Loans, applications for Renovation Loans can only be approved following a recommendation from one of the IFAs on the list.

  • Eligibility Relocation Loans are available to owner-occupiers in housing demolition areas and/or areas subject to a Neighbourhood Options Appraisal, who cannot reasonably afford to gain access to commercial loans.

Related to Relocation Loans

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Revolving Loans as defined in Section 2.4(a).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Bank Loans means debt obligations (including, without limitation, term loans, notes, revolving loans, debtor-in-possession financings, the funded and unfunded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans, bridge loans and senior subordinated loans) which are generally documented under a loan or credit facility or pursuant to any loan agreement, note purchase agreement or other similar financing arrangement facility, whether or not syndicated.

  • Loan Repayments means the sum of (i) Trust Bond Loan Repayments, (ii) the Administrative Fee and (iii) any late charges incurred under the provisions of a Loan Agreement.

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Initial Revolving Loan means a Revolving Facility Loan made (i) pursuant to the Revolving Facility Commitments in effect on the Closing Date (as the same may be amended from time to time in accordance with this Agreement) or (ii) pursuant to any Incremental Revolving Facility Commitment on the same terms as the Revolving Facility Loans referred to in clause (i) of this definition.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • New Revolving Loans as defined in Section 2.25.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Bridge Loans means the “Loans” as defined in the Bridge Credit Agreement.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.