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Multistate 1-4 Family Mortgage Rider | USA
This free Fannie Mae/Freddie Mac 1-4 Family Rider is used if you are mortgaging a rental property with 1 to 4 units.
- The Rider should be attached to the mortgage, deed of trust or security deed, to amend and supplement the security instrument.
- The borrower agrees that the mortgage lender can collect the rents on the property if the borrower defaults under the Note. This is called an assignment of rents.
- Form 3170 USA Multistate 1-4 Family Mortgage Rider is a free form which can be downloaded directly from the FannieMae.com website.
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Multistate Adjustable Rate Mortgage Rider | USA
This free Adjustable Rate Rider (1 Year Treasury Index - Rate Caps) is used to adjust the interest rate and monthly payments under the mortgage note.
- Once it's been signed, the Rider will form part of the mortgage, deed of trust or security deed.
- The borrower agrees that the interest rate may change once in each 12-month period.
- The new rate will be based on a weekly average yield on US Treasury securities adjusted over a 1-year maturity.
- The interest rate will not increase or decrease more than the percentage amount stated in the Rider.
- This Rider is for mortgages on single-family homes.
- Fannie Mae/Freddie Mac Form 3108 USA Multistate Adjustable Rate Mortgage Rider is a free MS Word document from freddiemac.com.
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Multistate Biweekly Payment Rider | USA
Attach the Multistate Biweekly Payment Rider (Fixed Rate) to the mortgage document when a borrower wants to make the mortgage payments every two weeks instead of monthly.
- The Rider will become part of the mortgage or deed of trust and supplements the provisions of the loan document.
- The form sets out the amount of the biweekly payment, and the late charge that will be paid if a payment is not made in full when it is due.
- This Rider is for fixed rate mortgages on single-family homes in the United States.
- Download a free copy of the Fannie Mae/Freddie Mac Form 3177 Multistate Biweekly Payment Rider (Fixed Rate).
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Multistate Second Home Mortgage Rider | USA
This Second Home Mortgage Rider should accompany every mortgage on a single family residence which the borrower will use only as a second home (including vacation properties).
- Once it has been signed, the Rider becomes part of the mortgage or deed of trust and amends or supplements the provision of the main document.
- The property can only be used by the borrower as a second home, for the exclusive use of the borrower.
- The property must not be used for timesharing or any other form of shared ownership arrangement, and cannot be rented out.
- Free Fannie Mae / Freddie Mac Form 3890 available in PDF format.
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