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- Click ‘Get Form’ to open it in the editor.
- Begin by entering the Borrower and Property Information. Fill in the Borrower Name, Occupancy Status, Sales Price, and Appraised Value. Ensure you select the appropriate property type and project classification.
- Next, move to the Mortgage Information section. Specify the Loan Type, Amortization Type, Loan Purpose, and Lien Position. Input the Loan Amount and Note Rate accurately.
- Proceed to Underwriting Information. Enter details for each borrower’s Stable Monthly Income and Proposed Monthly Payment for the Property. Calculate Loan-to-Value ratios as required.
- Finally, complete the Seller and Contact Information section by providing Seller Name, Contact Name, Phone Number, and addresses as needed.
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