Page 28 - ForeclosurePreventionGuide_Final _Neat

WHAT KIND(S) OF LOAN(S) DO YOU HAVE?

nd
2 Mortgage
(Home Equity Where to find the
First Mortgage Line/Loan) information
Original Mortgage Lender Deed of Trust
Original Loan Amount TIL/Loan Estimate; Note
Monthly Payment TIL/Loan Estimate; Note
Monthly Due Date TIL/Loan Estimate; Note
Closing Date of the Loan Deed of Trust; Note
Number of Payments TIL/Loan Estimate; Note
What is my Loan Type?
❑ FHA ❑ VA HUD 1/Closing Estimate
❑Conventional
❑ USDA ❑ Other
Mortgage Insurance HUD 1/Closing Estimate
What are my Loan Terms?
Fixed Rate TIL/Loan Estimate; Note
Adjustable Rate (ARM) ARM Rider; Note
Initial Interest Rate ARM Rider; Note
Index ARM Rider; Note
Margin ARM Rider; Note
Adjustment Date ARM Rider; Note
How often the loan adjusts ARM Rider; Note
Interest Rate Adjustment ARM Rider; Note
terms
Payment Adjustment terms ARM Rider; Note
Interest only payments
Other Loan Type
Information included on the monthly mortgage statement
Outstanding Balance

Mortgage Insurance
Homeowners Insurance
Taxes Escrowed
Insurance Escrowed

*ABBREVIATIONS:
Note: Promissory Note HUD 1: Settlement Closing Statement
TIL: Truth In Lending ARM: Adjustable Rate Mortgage

January 2020 | Page 28