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Get Advance Fee Disclosure
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How to fill out the Advance Fee Disclosure online
Filling out the Advance Fee Disclosure is an essential step in your residential mortgage loan application process. This guide will walk you through each section of the form, ensuring you understand what is required as you fill it out online.
Follow the steps to successfully complete your Advance Fee Disclosure
- Press the ‘Get Form’ button to access the Advance Fee Disclosure form. This will open the form in your online editor.
- Begin by entering the application fee. This is the cost for processing your mortgage loan application. Input the amount in the designated field labeled 'Application Fee:'.
- Next, input the credit report fee. This fee pertains to the report detailing your credit history and current credit standing. Enter the specific amount in the 'Credit Report Fee:' field.
- Fill in the property appraisal fee. This fee covers the independent appraisal of the property’s value. Write the amount in the section labeled 'Property Appraisal Fee:'.
- If there are any additional fees, specify them in the 'Other:' section. Describe the nature of these fees in the space provided.
- Calculate and enter the total required deposit by summing all fees listed. Write this total in the 'TOTAL REQUIRED DEPOSIT' field.
- Indicate whether the application fee is refundable or non-refundable in the specified area. If refundable, outline the terms and conditions regarding the refund process.
- After reviewing the information, sign and date the acknowledgment section at the bottom of the form where indicated. This confirms you have read and received a copy of the disclosure.
- Once you have completed all sections, review the form for accuracy. Save any changes you have made, then proceed to download, print, or share the completed form as needed.
Complete your Advance Fee Disclosure online today to streamline your mortgage application process.
Examples of fees to include in your disclosure document are advance fees, processing fees, and subscription costs. You should also note any incidental fees that might arise, such as late payment fees or service upgrade fees. Comprehensive disclosure helps clients make informed decisions and fosters a positive relationship built on transparency.
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