| Key Features |
- Fixed rate
- Fixed term
- Amortizing
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| Common Uses |
- Match fund loans and investments involving periodic repayments
of principal.
- Fund mortgage loans in portfolio.
- Fund purchases of mortgage-backed securities.
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| Maturities |
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| Principal-Amortization
Periods |
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| Disbursement |
- Next-day if requested by 3:00 p.m.
- Same-day possible if you call by noon.
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| Payment of Principal and
Interest |
- Principal and interest due monthly on the first business day
of the month.
- Interest is calculated on an actual/360-day basis.
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| Prepayment |
- Prepayable in full or in part at any time, subject to fee.
- Partial prepayments may be in amounts as small as $100,000.
- With partial prepayment, we will recalculate the principal and
interest payments. A reduction in the monthly payment may be possible.
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| Forward Rate Commitments
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- Lock in a guaranteed rate up to two years before disbursement.
- Our forward rate commitment adds a premium to the current rate.
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| Automatic Discount |
- We will give you an automatic discount off the posted rate on
any Amortizing advance if your advances-to-assets ratio is 10
percent or more.
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If Your Advances-
to-Assets Ratio is: |
Your Automatic Discount will be:
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10 percent or more |
1 basis point |
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15 percent or more |
2 basis points |
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20 percent or more |
3 basis points |
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| Risks |
- Please see the Amortizing
Advance Primer for a discussion
of the risks and other considerations associated
with the Amortizing advance.
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| More Information |
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