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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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