Autodraft Payment Plan Authorization Form - 21st Mortgage 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by selecting the Autodraft Payment Plan option that aligns with your pay schedule. Check the appropriate box for either bi-weekly or monthly withdrawals.
  3. If you choose bi-weekly, enter the withdrawal start date, biweekly term, and amounts for principal and interest as well as escrow. For monthly, ensure you understand the timing of your payments.
  4. Decide if you want to add an additional principal amount to each withdrawal by checking 'Yes' and specifying the amount.
  5. Provide your account information. Remember to include a voided check or bank letter; temporary checks are not accepted. If using a savings account, check the corresponding box.
  6. Review the Terms and Conditions carefully before signing. Ensure all required fields are filled out accurately.
  7. Sign and date the form, including any necessary signatures from non-borrowers if applicable.

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What is autodraft? Autodraft means setting up a regular payment that is automatically withdrawn (or \u201cdrafted\u201d) from your banking account on a specific day of the month that you decide. (It's sometimes called \u201cautopay\u201d or \u201cACH withdrawal.\u201d) Then your payment is deducted from your account on the same day every month.
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