How to Write
Step 1 – To begin, download the form in PDF.
Step 2 – The upper left portion of the form must be filled in with the following information:
- Date
- Mortgage company
- Mortgage company address
- Mortgage #
- Mortgage company fax #
- Contact name
- Contact address
Step 3 – Move on to the upper right portion of the form and enter the return contact information (name, company, address, phone #, fax #).
Step 4 – Next, enter the name of the individual who is to be the recipient of the information supplied by the mortgage provider. Below that, the owner’s signature is required.
Step 5 – In numbers one (1) through six (6), specify the following details:
- Current mortgage balance
- Does the balance include accrued interest?
- If yes, how much interest?
- Mortgage payment
- P.I or P.I.T (excluding life insurance)
- Arrears (if any)
- Date of last payment
- What is the tax account balance (if applicable)?
- Interest rate of mortgage
- Term renewal date
Step 6 – Continue on to numbers seven (7) through eight (8) and specify the following details:
- Is this an insured mortgage?
- What is the remaining amortization of the mortgage?
- Can the mortgage be paid out?
- If so, how much would the payout penalty be?
- Can the mortgage be paid out and remortgaged with your company?
Step 7 – For numbers twelve (12) through fifteen (15), the following details must be specified:
- The payout penalty (if any)
- Can this mortgage be assumed without qualifying?
- Do you have a copy of the Survey Certification or the Real Property Report? (if yes, enclose a photocopy for the benefit of the client)
- Any additional terms or prepayment privileges
Step 8 – In the remaining spaces of the form, the individual who completed the form must provide their signature, title, and date the signing.