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Get Customer Request To Modify Line Of Credit Payment Arrangements
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How to fill out the CUSTOMER REQUEST TO MODIFY LINE OF CREDIT PAYMENT ARRANGEMENTS online
This guide provides a detailed overview of how to complete the CUSTOMER REQUEST TO MODIFY LINE OF CREDIT PAYMENT ARRANGEMENTS form online. Following these steps will help ensure that you accurately convey your requested modifications and maintain clear communication with your financial institution.
Follow the steps to successfully complete your request.
- Press the ‘Get Form’ button to access the form and open it in the editor.
- Fill in your Merix Line of Credit number in the designated field. This number is essential for identifying your account and ensuring that your request is processed correctly.
- Enter the property address associated with your line of credit. Make sure this information is complete and accurate to avoid processing errors.
- If you wish to change your payment date, select a new date from the provided options. Note that changing your payment date will also shift the mailing date of your statements.
- To increase your payment amount, specify the additional amount you would like to add to your current payment. Remember that this increase will be in addition to your regular interest-only payment.
- If you intend to make a principal outstanding prepayment, fill in the desired amount in the specified field. Make sure this amount will be debited from the same account used for regular payments.
- For drawing down your line of credit, indicate the desired amount you want to withdraw. Ensure that the account receiving these funds is in the name of all applicants or guarantors.
- Update your contact information by providing a home phone number, mailing address, work phone number, cell phone number, and email address as needed.
- All borrowers and guarantors must sign and date the authorization section at the bottom of the form to validate your requests. Incomplete forms will be returned unprocessed.
- Once you have completed the form, review it for accuracy. Then, fax your signed document to Merix Financial toll-free at 1-877-637-4915, addressing it to Customer Service.
Start completing your CUSTOMER REQUEST TO MODIFY LINE OF CREDIT PAYMENT ARRANGEMENTS online today!
Your HELOC is secured by the equity you have in your home, and if you don't have enough equity, you can be denied. You will probably need at least 20% equity in your home before you will be approved for a loan of any amount. To figure out your equity, you can use a simple equation.
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