The New York Notice of Mortgage Payment Change (12/15) is a form that is used when a mortgage lender needs to notify their borrowers of any changes to the mortgage payments. This form must be filled out by the lender and sent to the borrower prior to the effective date of the change. There are two types of New York Notice of Mortgage Payment Change forms: one for adjustable-rate mortgages (ARM's) and one for fixed-rate mortgages (Arms). The ARM form includes information about any changes to the interest rate, the monthly payment, or any other terms of the loan. The FRM form includes information about any changes to the loan balance, the monthly payment, or any other terms of the loan. Both forms must be signed by the borrower and returned to the lender prior to the effective date of the change.
The New York Notice of Mortgage Payment Change (12/15) is a form that is used when a mortgage lender needs to notify their borrowers of any changes to the mortgage payments. This form must be filled out by the lender and sent to the borrower prior to the effective date of the change. There are two types of New York Notice of Mortgage Payment Change forms: one for adjustable-rate mortgages (ARM's) and one for fixed-rate mortgages (Arms). The ARM form includes information about any changes to the interest rate, the monthly payment, or any other terms of the loan. The FRM form includes information about any changes to the loan balance, the monthly payment, or any other terms of the loan. Both forms must be signed by the borrower and returned to the lender prior to the effective date of the change.
