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Prepayment Interest Shortfall" is the amount by which interest paid by a mortgagor in connection with a prepayment of principal on a Mortgage Loan is less than one month's interest at the related mortgage interest rate net of the Servicing Fee Rate on the amount of such prepayment. The formula, which employs the ratio of net current exposure to gross current exposure NGR, is expressed as. National Conference of State Legislatures has links to state legislatures at www.
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The Annual Percentage Rate APR helps you look through the hype to the real cost, but is still not a perfect measure of the cost to the borrower. Such people still are out there and their ranks are increasing. For ages I thought this was a uniformity check - a painted mark used to check the "roundness" of the tyre.
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