Mortgage Rates and Terms Worksheet

Lender	_________________	__________________	________________	
Loan agent	_________________	__________________	________________	
Phone number	_________________	__________________	________________	
Date Lender	_________________	__________________	________________	

1. General Information
Fixed or adjustable	[  ] F  [  ] A	[  ] F  [  ] A	[  ] F  [  ] A
Fixed interest rate	________%	________%	________%
Government financing	[  ] Y  [  ] N	[  ] Y  [  ] N	[  ] Y  [  ] N
Min. down payment	________%	________%	________%
PMI required	[  ] Y  [  ] N	[  ] Y  [  ] N	[  ] Y  [  ] N
Impound account	[  ] Y  [  ] N	[  ] Y  [  ] N	[  ] Y  [  ] N
Term of mortgage	_____ Years	_____ Years	_____ Years
Assumable	[  ] Y  [  ] N	[  ] Y  [  ] N	[  ] Y  [  ] N
Prepayment penalty	[  ] Y  [  ] N	[  ] Y  [  ] N	[  ] Y  [  ] N
Negative amortization	[  ] Y  [  ] N	[  ] Y  [  ] N	[  ] Y  [  ] N
Rate lock in available	[  ] Y  [  ] N	[  ] Y  [  ] N	[  ] Y  [  ] N
Cost to lock in	21 Days $______	21 Days $______	21 Days $_______
30 Days $______	30 Days $_______	30 Days  $_______
45 Days $______	45 Days $_______	45 Days $_______

2. Debt-to-Income Ratios Information
Allowable monthly 
carrying costs  as% 
of income	________%	________%	________%
Allowable monthly
carrying costs plus
long-term debts as%
of monthly income	________%	________%	________%
Maximum loan you qualify
for based on debt-to-
income ratios	________%	________%	________%

3. Loan Costs
Number of points	________%	________%	________%
Cost of points 	________%	________%	________%
PMI	$__________	$__________	$__________
Additional loan fee	$__________	$__________	$__________
Credit report	$__________	$__________	$__________
Application fee	$__________	$__________	$__________
Appraisal fee	$__________	$__________	$__________
Miscellaneous fees	$__________	$__________	$__________
Estimated total loan costs	$__________	$__________	$__________

4. Time Limits
Credit/employment check	_______ Days	_________ Days	_______ Days
Lender appraisal	_______ Days	_________ Days	_______ Days
Loan approval	_______ Days	_________ Days	_______ Days
Loan funding	_______ Days	_______ Days	_______ Days
Loan due date each
month	_______ Days	_______ Days	_______ Days
Grace period	_______ Days	_______ Days	_______ Days
Late fee	________% Pmt	________% Pmt	________% Pmt

5. Other Features
[Such as a discount for having an account with a certain bank, or a lender discount of interest rate on initial payments]
___________________	_________________	_________________	_________________	
___________________	_________________	_________________	_________________	
___________________	_________________	_________________	_________________	

6. Fixed Rate Two-Step Loans
Initial annual interest rate	________%	________%	________%
Over how many years	________ Yrs	________ Yrs	________ Yrs

7. Fixed Rate Balloon Payment Loans
Interest rate	________%	________%	________%
Monthly	________%	________%	________%
Term of loan	________ Yrs	________ Yrs	________ Yrs
Amount of balloon
payment	________%	________%	________%

8. Adjustable Rate Mortgages (ARMs)
Index:
11th District COFI	[  ] ________%	[  ] ________%	[  ] ________%
6 Mo. T-Bills	[  ] ________%	[  ] ________%	[  ] ________%
1 Yr. T-Bills	[  ] ________%	[  ] ________%	[  ] ________%
Other _____________	[  ] ________%	[  ] ________%	[  ] ________%
Margin	[  ] ________%	[  ] ________%	[  ] ________%
Initial interest rate	[  ] ________%	[  ] ________%	[  ] ________%
How long	___ Mos. ___ Yrs.	___ Mos. ___ Yrs.____	Mos. ___ Yrs.
Interest rate cap
(with negative
amortization	[  ] ________%	[  ] ________%	[  ] ________%
Interest rate cap
(without negative
amortization)	[  ] ________%	[  ] ________%	[  ] ________%
Adjustment period	_______ Months	_______ Months	_______ Months
Life-of-loan (overall) cap	[  ] ________%	[  ] ________%	[  ] ________%
Initial payment	_______ Months	_______ Months	_______ Months
Payment cap	[  ] ________%	[  ] ________%	[  ] ________%
Payment cap period	_______ Months	_______ Months	_______ Months
Highest payment or interest rate in:   
6 months	____% $_________	____% $_________	____% $_________
12 months	____% $_________	____% $_________	____% $_________
18 months	____% $_________	____% $_________	____% $_________
24 months	____% $_________	____% $_________	____% $_________
30 months	____% $_________	____% $_________	____% $_________
36 months	____% $_________	____% $_________	____% $_________

9. Hybrid Loans
Initial interest rate	________%	________%	________%
Term as a fixed rate loan	________ Yrs	________ Yrs	________ Yrs
Interest rate at
first adjustment period	________%	________%	________%