Get Mortgage Disclosure Statement

Filling out the Mortgage Disclosure Statement online can be straightforward if you follow a clear process. This guide will help you understand each section of the form, providing step-by-step instructions to ensure you complete it accurately.

Follow the steps to successfully complete the Mortgage Disclosure Statement.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred online editor.
2. Begin by entering the borrower's name(s) in the designated field. Ensure that the names match the identification documents of all individuals applying for the mortgage.
3. Provide the real property collateral information. This includes the street address or legal description of the property for which the loan is being requested.
4. If known, list the intended lender to whom your loan application will be delivered. Otherwise, select the option for unknown.
5. Disclose all applicable fees and expenses incurred during the loan origination. Fill out items such as broker commission, origination fee, discount points, appraisal fee, and any other fees mentioned.
6. Input the proposed loan amount along with total fees, costs, and expenses in their respective fields. Include details for any down payment or payoff of liens/creditors.
7. Complete the section for general loan information, including proposed interest rate, proposed monthly payments, loan term, and if there is a prepayment penalty.
8. List any other liens on the property, along with the lienholder’s name, amount owing, and priority.
9. If applicable, indicate if the loan is subject to a balloon payment. Provide the due date and balance due at maturity.
10. Confirm whether the loan will be made from broker controlled funds and complete the certification regarding compliance with applicable real estate laws.
11. Lastly, make sure all sections of the form are completed before signing. Ensure that both borrower(s) and broker's representative have signed and dated as necessary.
12. After filling out the form, you can save your changes, download a copy for your records, print the document, or share it as needed.

Complete your Mortgage Disclosure Statement online today for a smoother mortgage process!