PROPERTY LOAN INFO VERIFICATION SHEET-Lease Options

What are the details of the Property Loan Info Verification Sheet

The Property Loan Info Verification Sheet consists of various details such as the date of the loan, the amount of the loan, the type of the loan – is it a FHA, VA, Con or non –con, the date of maturity of the loan, what is the rate of interest being paid and the balance of the principal that is outstanding. The Property Loan Info Verification Sheet also informs of the current status of current payments and if there are any sort of late fees or charges or any outstanding fees which need to be paid. It also furnishes particulars as to when the payment is due, if there is a prepayment penalty and if there is a balloon. Finally the Property Loan Info Verification Sheet verifies the details of the taxes and insurance to see if they are escrowed or not.

This information is needed so that the details as mentioned by the individual with regards to his or her property loan can be verified as to its authenticity. Some of the details like the name of the landlord, lender, title, date, lender’s number and information of the mortgage, address as well as account number are to be filled in by the lender. The landlord or the creditor needs to furnish details such as the rental account, if the rent is in arrears, the time it was due, the details of the original mortgage amount, the current mortgage amounts, monthly payment and such information.

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Property Loan Information Verification Sheet

Property:___________________            Date Verified: ___________
1. Loan Origination Date                    __________________
2. Loan Origination Amount                 __________________
3. Type of Loan (FHA, VA, Con, Non-Con)        __________________
4. Maturity date?                        __________________
5. Current interest rate?                    __________________
6. Current principal balance?                __________________
7. Current status (payments current?)            __________________
8. Outstanding late fees or other charges?            __________________
9. Date of month when payment is due?            __________________
10. Does it have a prepayment penalty?            __________________
11. Does it have a balloon?                    __________________
12. Are Taxes & Insurance Escrowed?            __________________