Get Multi-state Borrower Benefit Worksheet (for Use In All ...

The MULTI-STATE BORROWER BENEFIT WORKSHEET is a crucial document used for owner-occupied refinance transactions across multiple states. This guide provides step-by-step instructions to help users fill out the form accurately and efficiently, ensuring that all relevant information is included.

Follow the steps to complete the worksheet effectively.

1. Click ‘Get Form’ button to obtain the worksheet and open it in your preferred document editing application.
2. Fill in the loan number, borrower name(s), lender, and property address in the designated fields.
3. In the Loan Information section, provide details for both the new loan and previous loan, including loan dates and amounts. If the original loan amount is unknown, include the payoff amount.
4. Specify the loan term in months and select the type of loan by marking the appropriate checkbox from options like Fixed Rate, Interest Only, Adjustable Rate, or Balloon.
5. Enter the current note rate percentage for the new loan and any applicable payment option product rates.
6. Indicate the benefits the borrower will receive by checking all relevant options, such as Cash-Out Benefits, Title Transfer Benefits, Product/Loan Terms Change, or Financial Improvement.
7. If checking Financial Improvement benefits, ensure that the Financial Benefit Worksheet is completed as required.
8. In the certification section, provide the date, your signature, and position to confirm that the proposed loan will yield tangible benefits for the borrower.
9. If a second review is required, enter the date and have the second reviewer sign and indicate their title/position.
10. After completing the worksheet, save changes, and if necessary, download, print, or share the form as required.

Start completing your MULTI-STATE BORROWER BENEFIT WORKSHEET online today.