D) Property Address: I/We hereby authorize and instruct you as follows: a) Please provide FNF Canada with a MORTGAGE DISCHARGE STATEMENT FOR TRANSFER PURPOSES as at (scheduled closing date); and b) Do not renew the Mortgage, as the mortgage will be paid out by FNF Canada on behalf of the new lender. However, should you have to renew the Mortgage, consider this your instructions to renew the Mortgage only for a six (6) month open term, or if that is not available, a one (1) year open.
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How to fill out the Payout Authorization Form online
Filling out the Payout Authorization Form online can simplify your mortgage transfer process. This guide provides clear, step-by-step instructions to ensure you complete the form accurately and efficiently.
Follow the steps to fill out the form correctly.
- Click ‘Get Form’ button to access the form and open it in the appropriate online editor.
- Enter the name of the institution currently holding your mortgage in the designated field.
- Provide the fax number of the institution where the discharge statement is to be sent.
- Fill in the names of the customers involved in the mortgage in the 'Customer Name(s)' field.
- Input the mortgage number associated with your current mortgage in the field labeled 'Mortgage #'.
- Add the property address that relates to the mortgage being paid out.
- Authorize FNF Canada to obtain the mortgage discharge statement by filling in the scheduled closing date.
- State your instructions regarding the renewal of the mortgage, selecting the appropriate options for term preferences.
- Indicate the transferee's details as outlined, ensuring all information is accurate.
- Provide your signature and date in the appropriate fields for all customers listed.
- Once completed, ensure all changes are saved. You can download, print, or share the form as needed.
Take the next step in your mortgage process by completing the Payout Authorization Form online.
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