Get Tangible Net Benefit Worksheet - Interbank

The Tangible Net Benefit Worksheet - InterBank is a crucial document for evaluating the tangible benefits of a new loan. This guide will help you navigate the online process of filling out this form with clarity and ease.

Follow the steps to successfully complete the Tangible Net Benefit Worksheet online.

1. Select the ‘Get Form’ button to retrieve the worksheet and open it in the editor.
2. Enter the general information by filling out the lender's name, loan number, loan originator or processor's name, borrower's name(s), property address, city, state, and zip code.
3. In the loan information section, provide details for both the new and previous loans, including loan note dates, loan amounts, and loan terms.
4. Select the type of loan by checking the appropriate box for fixed-rate, adjustable-rate, balloon, interest-only, or payment option products.
5. Input the current note rate and payment amounts for both the new and previous loans.
6. List the costs of the new loan, including points and fees, and enter the loan-to-value ratio if applicable.
7. Determine if there is a prepayment penalty and provide the debt-to-income level as well as the purpose of the loan.
8. Complete the statement of borrower benefits by checking all applicable benefits that the borrower will receive from refinancing.
9. In the borrower certification section, the borrower(s) must sign and date the document to confirm understanding and acceptance of the terms.
10. Once all fields are completed, you can save changes, download, print, or share the completed Tangible Net Benefit Worksheet.

Complete your Tangible Net Benefit Worksheets online today to ensure a seamless refinancing process.