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Lutz FL Refinance Interest Rates | Heath Hall | Mortgage Lender Florida

Net Simple Interest Shortfall: As to any Distribution Date, the excess, if any, of (a) one month’s interest at the weighted average (by Principal Balance) of the Net Mortgage Rates of the Simple Interest Mortgage Loans as of the first day of the related Interest Accrual Period, on the aggregate Principal Balance of such Simple Interest Mortgage.

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Interest expense, net, decreased 13.1% during fiscal 1996 compared to fiscal 1995. The decrease resulted primarily from approximately $5.0 million of interest income recorded during fiscal 1996 related to income tax refunds due from the State of California for the Company’s income tax returns for fiscal 1982 through 1989.

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