Deferred Interest. The amount by which the interest due on a Mortgage exceeds the borrower’s monthly payment, which amount is added to the unpaid principal balance of the Mortgage.
Appears in 44 contracts
Sources: Pc Master Trust Agreement, Pc Master Trust Agreement (Federal Home Loan Mortgage Corp), Pc Master Trust Agreement
Deferred Interest. The amount by which the interest due on a Mortgage exceeds the borrower’s 's monthly payment, which amount is added to the unpaid principal balance of the Mortgage.
Appears in 3 contracts
Sources: Mortgage Participation Certificates Agreement, Mortgage Participation Certificates Agreement, Mortgage Participation Certificates Agreement