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  • Notice Of Intent To Proceed With Loan Application

Get Notice Of Intent To Proceed With Loan Application

Loan Number: 0031125268 NOTICE OF INTENT TO PROCEED WITH LOAN APPLICATION Date: JANUARY 4, 2016 Name of Originator: ALEKSANDRE VAYSHELBOYM Service 1st Mortgage Inc. (NMLS # 112210) Borrower Name(s):.

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How to fill out the NOTICE OF INTENT TO PROCEED WITH LOAN APPLICATION online

Completing the Notice of Intent to Proceed with Loan Application is a crucial step in your loan process. This guide will help you understand each section of the form and provide detailed instructions for filling it out online.

Follow the steps to complete the form effectively.

  1. Press the ‘Get Form’ button to retrieve the Notice of Intent to Proceed form and open it for filling out.
  2. Begin by entering the loan number at the designated section, ensuring it corresponds with the loan you are applying for.
  3. Fill in the date at the top of the form. This date should reflect when you are submitting the Notice of Intent.
  4. Next, input the name of the loan originator in the provided section. Review the information for accuracy.
  5. In the borrower name(s) field, write your full legal name as it appears on your identification documents.
  6. Indicate the property address where the loan will be applied, ensuring the address is complete and correct.
  7. Before signing, read the note carefully, which indicates that you should only sign if you indeed wish to proceed with the loan application.
  8. Sign and date the form where indicated. If there are multiple borrowers, ensure each borrower signs and dates where necessary.
  9. Once the form is filled out completely, save your changes. You can then download, print, or share the completed form as required.

Proceed with your loan application by completing the form online today.

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Yes. For certain types of mortgages, after you sign your mortgage closing documents, you may be able to change your mind. You have the right to cancel, also known as the right of rescission, for most non-purchase money mortgages. A non-purchase money mortgage is a mortgage that is not used to buy the home.

If you intend to proceed with a particular mortgage application, you must notify your lender of your intent to proceed by telling the lender you want to move forward with the application for that loan.

If your client is silent, the lender cannot assume an intent to proceed. Lenders likely have different requirements for what your clients need to do to indicate their intent to proceed. Generally, lenders won't move forward with an application without a clear indication from your clients that they intend to proceed.

What does "intent to proceed" mean? Think of intent to proceed as your commitment to a lender. It means you applied for a mortgage, maybe with a few lenders. Then, you compared Loan Estimates and chose one of the lenders for your home loan.

Remember that the form's purpose is to communicate your intent to proceed so everyone is on the same page. You can still cancel the loan at any time until you sign the loan agreement at closing when you buy the home. It's up to you to decide which lender you'll use for your mortgage.

There is no requirement to obtain evidence of a consumer's intent to proceed for each Loan Estimate issued, only after issuance of the initial Loan Estimate. If fees are not charged until the time of closing do you still need the Intent to Proceed? Yes.

Know that you're free to switch lenders at any time during the process; you're not committed to a lender until you've actually signed the closing papers. But if you do decide to switch, re-starting paperwork and underwriting could cause delays in your home purchase or refinance process.

If you decide you want to rescind a non-purchase money mortgage: You must notify your lender in writing that you are cancelling the loan contract and exercising your right to rescind. You may use the form provided to you by your lender or a letter. You can't rescind just by calling or visiting the lender.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232