Follow the steps to fill out the Fannie Mae/Freddie Mac 3131 online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by filling in the date on the form where indicated. This is the date you are completing the Adjustable Rate Rider.
3. Next, enter the name of the borrower in the designated section. Ensure that it matches the name on the mortgage documents.
4. Provide the lender’s name in the specified field. This is critical for identifying the recipient of the rider.
5. Enter the initial interest rate for the Adjustable Rate Note. This is the starting rate that will be used for calculations.
6. Fill in the change dates. Specify the initial change date and ensure that subsequent change dates are noted accurately as every 60 months.
7. Complete the Index section by noting the percentage points to be added to the Current Index during interest rate adjustments.
8. In the limits on interest rate changes, specify the minimum and maximum rates as well as the allowable change limits.
9. Complete the section regarding the notice of changes to ensure the borrower is informed of any adjustments.
10. Sign the document where it requires the borrower's signature. Both borrowers should read through and affirm their agreement to the terms.
11. Lastly, after reviewing all the details for accuracy, save your changes, download a copy for your records, or print the document as needed.

Get started with completing your documents online today.