Page 1, Section I.: Type of Mortgage and Terms of Loan
In the “amount” box – fill in the amount to be financed
(Loan Amount)
Page 1, Section II: Property Information and Purpose of Loan
Fill in the property address
Purpose of the Loan
How the property will be held
Title will be held in what name(s)
Manner in which title will be held (single, married, etc.).
Page 1, Section III: Borrower Information
Please fill out this section as completely as possible for both borrower
and co-borrower. Make sure to include phone numbers where you can best
be reached.
Page 1, Section IV: Employment Information
Same as section III.
Page 2, Section V: Monthly Income…
Gross (before tax) monthly income for both borrower and co-borrower
Rent or current Mortgage payment, taxes, insurance, etc.
Page 2, Section VI: Assets and Liabilities
Assets:
Checking and Savings accounts:
Fill out what bank, what type and how much the balance is.
Stocks and Bonds
Fill in the amount of all holdings in this box
Automobiles:
How much would you sell it for today (realistically!)?
Other Assets:
If (hopefully not) you were to lose everything in a fire today in your
home, how much would it be worth?
Liabilities:
Credit cards, student loans, personal loans, auto loans and the current
monthly payments on each.
Page 3, Section VIII: Declarations
Complete as asked, each question.
Finally, make sure to sign (we will need the ink signature copy in order
to process).
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