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[DOC File]Filling out the Mortgage Credit Analysis Worksheet
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The upfront fee will be 1.5% of the mortgage amount (the payoff of the original loan.) For all case numbers issued on or after 11-15-14, you must also complete the Amortization & Fee Schedule worksheet and transfer monthly premium assessed to the Future Monthly Payments section on the MCAW.
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[DOC File]HUD-1 (2009)
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201. Deposit or earnest money 501. Excess deposit (see instructions) 202. Principal amount of new loan(s) 502. Settlement charges to seller (line 1400) $0.00 203. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to 204. 504. Payoff of first mortgage loan 205. 505. Payoff of second mortgage loan 206. 506. 207. 507. 208. 508 ...
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[DOC File]Borrowers Acknowledgement and Agreement
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A short sale, also known as a short pay or short payoff, allows a homeowner to sell their property for less than the amount owned to the bank. When the market value of the property is less than the amount owed, the owner is considered up-side-down. The proceeds from the sale are used to pay-off the outstanding amount of the mortgage.
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[DOC File]Refinancing Existing HECMs and a Revision to the HECM ...
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The Payoff Amount for the outstanding HECM that is to be refinanced. 4 The originating mortgagee will use this information for input into the Home Equity Conversion Mortgage Calculation Software V1.2 and to complete the Anti-Churning Disclosure Form.
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Estimate payoff amount for mortgage