Get Autodraft Payment Plan Authorization Form - 21st Mortgage

Enrolling in the Autodraft Payment Plan can simplify your mortgage payment process by automatically withdrawing payments from your bank account. This guide provides step-by-step instructions on how to complete the Autodraft Payment Plan Authorization Form online, ensuring a smooth and efficient experience.

Follow the steps to fill out the Autodraft Payment Plan Authorization Form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Select the Autodraft Payment Plan option that corresponds with your pay schedule. Mark the appropriate box for either bi-weekly or monthly withdrawals. If no option is selected, accounts will automatically be set for monthly withdrawals on the due date.
3. If you choose the bi-weekly option, specify the withdrawal start date, biweekly term, and both the biweekly principal and interest amount and escrow amount. Calculate the total biweekly payment amount including escrow and enter it accordingly.
4. For the additional principal section, indicate if you would like to add an additional amount to each electronic withdrawal. If so, fill in the amount you wish to add.
5. Provide your bank account information. Include a voided check or a bank letter with your account information, as temporary checks cannot be used. If you will be withdrawing from a savings account, check the appropriate box.
6. Review the Terms and Conditions thoroughly. Confirm your understanding of the terms related to your mortgage payment obligations and the Autodraft Payment Plan.
7. Sign and date the form in the designated areas. Ensure that both borrowers sign if funds are to be drafted from the account of a non-borrower.
8. Once all sections are complete, save the changes to the form. Choose to download, print, or share the completed form as needed.

Start completing your Autodraft Payment Plan Authorization Form online today for a hassle-free mortgage payment experience.