Financial Initial CD

FINANCIAL INITIAL CD

Lender (From)

Borrower (To)

Loan & Property Information

Loan Identifier:    Property Address:

Application Date:    Estimated Closing Date:

Fixed Rate    Adjustable Rate (ARM)    Purchase    Refinance

Loan Terms & Repayment

Principal Loan Amount: $    Interest Rate (initial):    APR:

Loan Term: years    Number of Payments:    Payment Frequency:

Estimated Monthly Principal & Interest: $    Estimated Monthly Escrow: $    Estimated Total Monthly Payment: $

Closing Costs — Itemized

Subtotal Closing Costs: $    Estimated Tax: $    Total Closing Costs: $

Credits to Borrower at Closing: $    Cash to Close (estimated): $

Closing Cost Details & Escrow

Disclosures, Representations & Certifications

This Initial Closing Disclosure is provided to give an estimate of loan terms and closing costs based on the information available at the time of preparation. Figures are estimates and subject to change prior to consummation of the loan. The Lender certifies that, to the best of its knowledge and belief, the amounts shown are a reasonable estimate of anticipated charges and terms and that material changes will be disclosed in a revised disclosure in accordance with applicable law.

Borrower represents that the information provided to Lender for the purposes of calculating eligibility and pricing is true, complete, and accurate. Any material misrepresentation may result in denial, revision of terms, or rescission of the approval. The parties acknowledge that fees subject to tolerance limits may change and that the final settlement statement will reflect actual charges at closing.

Acknowledgment of Receipt: Borrower acknowledges receipt of this Initial Closing Disclosure and understands that this document is an estimate and not a final accounting.

Payment Instructions & Late Payment

Payments are to be made to the Lender at the remittance address provided by the Lender. Acceptable payment methods include check, automatic electronic debit, and other methods authorized in the note. A late fee of the lesser of 5% of the late payment or the maximum permitted by law will be assessed for any payment received more than 15 days after its due date. Returned payment fees may also apply.

Limitations, Default & Remedies

Default occurs upon failure to make scheduled payments, material misrepresentation, or breach of covenants in the loan documents. In the event of default, the Lender may accelerate the loan, pursue foreclosure or other remedies permitted under the security instrument and applicable law. Borrower may be liable for costs of collection and enforcement, including reasonable attorney's fees where contractually permitted.

Notes & Additional Disclosures

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