Get Multistate Riders And Addenda (form 3120). Single-family - Fannie Mae Uniform Instrument

Filling out the Multistate Riders And Addenda (Form 3120) is essential for borrowers entering into an adjustable-rate mortgage agreement. This guide provides a clear and comprehensive step-by-step approach to assist users in accurately completing the form online.

Follow the steps to effectively complete your form.

1. Click ‘Get Form’ button to access the form and open it in your browser.
2. In the first section, enter the date that the Adjustable Rate Rider is being executed. Fill in the day, month, and year in the provided blanks.
3. Identify and input the lender's name in the designated area. This is critical for ensuring that the lender's information is accurately recorded.
4. Next, provide the full property address associated with the mortgage in the space provided.
5. Input the initial interest rate as specified in your adjustable-rate note in the corresponding field.
6. In the section regarding change dates, fill out the specific date when the first change in interest rate can occur, as well as the frequency of subsequent changes (e.g., every six months).
7. Complete the index calculation section by adding the specified percentage points to the Current Index and rounding it accordingly. Provide limits for the rate changes based on the terms of your agreement.
8. Review the limits on interest rate changes and input the maximum and minimum rates allowed during the adjustment periods.
9. Finally, all borrowers must sign and date the document in the designated areas. Make sure each signer has their own signature space for legal compliance.
10. Once you have completed the form, you can save your changes, download a copy, print it, or share it as necessary.

Complete your documents online today to ensure a smooth mortgage process.