Get Discount Point Fee Disclosure

Completing the Discount Point Fee Disclosure is an essential step in understanding the impact of your loan's terms. This guide provides clear and concise instructions to help you accurately fill out the form online.

Follow the steps to accurately complete the Discount Point Fee Disclosure.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the lender's name in the designated field to identify the financial institution providing the loan.
3. Next, input the borrower name(s) in the appropriate section, ensuring to include all individuals responsible for the loan.
4. Fill in the print date, which records when the form is being completed, ensuring accuracy for future reference.
5. Provide the property address where the loan will be applied, specifying the full address to clarify the location of the collateral.
6. Review the explanation section regarding discount points. This section outlines how discount points affect the interest rate you will pay, ensuring you comprehend the financial implications.
7. Fill out the information regarding the interest rate and discount points, noting the starting adjusted rate and any adjustments related to payments made towards discount points.
8. Indicate the total number of discount points involved in the loan and specify the amount you are responsible for paying.
9. Acknowledge that your interest rate and discount points may change based on various risk factors by confirming your understanding of this statement.
10. Finally, both applicants should review the entire form for accuracy, then sign and date in the designated signature fields.
11. Once completed, you can save any changes made to the document, download a copy for your records, print the form, or share it as needed.

Prepare and submit your Discount Point Fee Disclosure online to take a step closer to your mortgage application.