Gap Note

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Consolidation refers to the fact that two separate mortgages (Gap and Existing) are being Consolidated to form a single lien; Extension refers to the fact that the existing note (which probably has less than 30 years remaining) will normally be extended to match the term of the new loan.

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Note Gap – Capoeiranagomiami – Gap Promissory Note (Pro-Lender) (NY) | Practical Law – A form of gap promissory note for use in New York where a lender consolidates, extends, and modifies an existing mortgage with a new mortgage loan to reduce mortgage recording taxes (a cema transaction). post navigation

Gap Is Note What A – brm-bibliotheques.com – A negative gap is a situation in which there is a disparity between the interest sensitive assets that are owned by a financial. The degree of interest rate risk that the bank or other institution carries with both its assets and liabilities will have an effect on the degree of negative gap that.

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Gap Note – MAFCU Federal Credit Union – English term or phrase: Gap Mortgage, Gap Note If new funds are advanced at the time of the consolidation and modification evidenced by this Agreement, the new obligation must be evidenced by an original of the new money note (the "Gap" Note) and an original of the new money mortgage (the "Gap. Editor.

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