Glossary entry

English term or phrase:

one time rate drop 7 days prior to closing

French translation:

baisse du taux une fois, 7 jours avant la signature

Added to glossary by FX Fraipont (X)
Jan 31, 2013 17:15
11 yrs ago
English term

one time rate drop 7 days prior to closing

English to French Bus/Financial Finance (general) Loan
Il s'agit de prêt hypothécaire.

Est ce que cela veut dire que le taux d'intérêt baisse 7 jours avant la signature ?
Change log

Feb 8, 2013 05:26: FX Fraipont (X) Created KOG entry

Proposed translations

+2
1 hr
Selected

baisse du taux une fois, 7 jours avant la signature

permet de baisser le taux du prêt hypothécaire entre la signature chez le courtier et la signature chez le notaire, dans le cas où les taux baissent entre les deux.

"Lower of contr ct rate or rate 5 days before closing. Broker can also request a one-time rate drop during the rate hold period. This must be done via email to the underwriter. No look back. If the one-time rate drop is given, the rate will be dropped again 5 days prior to closing, if lower on that day."
Adjustable Rate Mortgage (ARM) Terms - Street Capital
http://www.streetcapital.ca/.../Street_ARM_Features_2012.11....
Note from asker:
Merci,
Peer comment(s):

agree Alexmuse : oui, c'est excat
2 hrs
merci!
agree Clara Chassany
15 hrs
merci!
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4 KudoZ points awarded for this answer. Comment: "merci FX"
47 mins

baisse de taux d'intérêt exceptionnelle

7 jours avant......
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