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MOP-Calculator: A web-based calculator for prospective candidates to find out if they might meet up with the minimal needs for a MOP loan.

MOP-Calculator: A web-based calculator for prospective candidates to find out if they might meet up with the minimal needs for a MOP loan.

Mortgage Origination Program (MOP): MOP ended up being founded because of The Regents regarding the University of Ca in 1984 and uses funds through the unrestricted part of the University’s Short-Term Investment Pool (STIP) which will make interest that is variable very very first deed of trust loans all the way to three decades in total to qualified Faculty and users of the Senior Management Group. This program provides loans at maximum levels of 80% to 90percent of value, based upon loan size, with all the initial interest add up to probably the most recently available four-quarter normal profits price regarding the University of California’s brief Term Investment Pool (STIP) title loans in new new york, plus an administrative cost part of 0.25per cent, at the mercy of the applicable interest rate that is minimum.