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Tangible Net Benefit Worksheet - InterBank

Tangible Net Benefit Worksheet - InterBank 2025

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The Tangible Net Benefit Worksheet is a form used by lenders to assess the tangible benefits of refinancing a borrower's existing loan. It includes sections for general information, loan details, borrower benefits, and borrower certification. The worksheet outlines various potential benefits such as lower interest rates, financial improvements, cash-out options, and title transfer benefits. Borrowers must acknowledge their understanding of the new loan's terms and certify that the refinancing will provide a tangible net benefit.

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Click ‘Get Form’ to open the Tangible Net Benefit Worksheet in the editor.
Begin by filling out the 'General Information' section. Enter the lender's name, loan number, loan originator/processor details, borrower names, property address, city, state, and zip code.
Proceed to the 'Loan Information' section. Input details for both the new and previous loans including loan dates, amounts, terms, type of loan (select from options), current note rate, payment amounts, points & fees costs, and any applicable prepayment penalties.
In the 'Statement of Borrower Benefits' section, check all applicable benefits that apply to your refinancing situation. Ensure you provide comments where necessary.
Complete the 'Borrower Certification' by reviewing and signing. Make sure all borrower signatures are collected along with printed names and dates.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What are the VA net tangible benefits?

The tangible net benefit rule applied to loans being refinanced would make lenders responsible for something over which they have little or no control. All or virtually all refinanced mortgages provide tangible benefits, otherwise borrowers wouldnt do them.

Does Fannie Mae require a net tangible benefit?

As Fannie Mae pass-through certificates note, under certain state laws enacted to combat predatory lending, lenders are required to ensure that the loan confers a net tangible benefit to the borrower or that the transaction is in the borrowers interest.

What is a net tangible benefit worksheet?

A Net Tangible Benefit is: A reduced Combined Rate (refers to the interest rate on the mortgage plus the MIP rate), A change from an ARM to a fixed rate Mortgage, and/or. A reduced term* That results in a financial benefit to the Borrower.

What is the net tangible benefit for FHA streamline?

To be eligible for an FHA streamline refinance, the borrower must get a net tangible benefit, like a lower interest rate or a fixed rate. However, you can only refinance a current FHA mortgage, and only the amount of its current outstanding balance.

What is a VA net tangible benefit?

Net Tangible Benefit. A loan that provides a net tangible benefit (NTB) means that it is in the financial interest of the Veteran. The following NTB standards are required under 38 U.S.C. 3709: (1) Fixed Rate to Fixed Rate IRRRLs.

What are the benefits of the FHA streamline?

Net Tangible Benefit (NTB) Criteria Decreased Loan Term Compares the loan term of the loan being refinanced to the loan term of the refinancing new loan. If the loan term of the refinancing new loan is less than the loan term of the loan being refinanced then the criteria is met.

What is considered a net tangible benefit?

A tangible net benefit (alternatively referred to as a net tangible benefit) can be thought of as the financial advantage a client gains by refinancing. When you refinance your mortgage loan, youre taking on a completely new loan.

Tangible Net Benefit Worksheet - InterBank 2025

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