Central Mortgage Company Payment Address

Description

Central Mortgage Company Payment Address document sample

Document Sample
scope of work template
							              Return to: Central Mortgage Company
                         801 John Barrow, Suite 1
                         Little Rock, AR 72205 or Fax to 1-866-814-7524

                                 DRAFT AUTHORIZATION

            Central Mortgage Company will draft on the 1st, 5th, 10th or 15th of each month.

     The completed form needs to be in our office 15 working days prior to the expected draft date.

                                PLEASE ATTACH A VOIDED CHECK

I (we) authorize Central Mortgage Company to automatically debit my (our) ___________checking

or __________ savings account for the monthly mortgage payment on Loan Number ___________

on the following date: ____1st, ____5th, ____10th , _____15th of each month.

(Please check the date you prefer. One of these dates MUST be selected.)

Bank Name                                   Bank Phone #

Bank Address

Bank Routing Number                       _______ Checking Account Number __________________

Additional Principal Payment $ ______________         (Optional)

Additional Escrow Payment $ ______________          (Optional)

Month to begin draft ___________________

Daytime Phone Number

  I understand that if our loan is an adjustable rate product or is escrowed for taxes/insurance, the
 monthly payment may periodically adjust. Central Mortgage will automatically draft the minimum
  monthly payment. Any additional principal will remain constant, regardless of any other payment
adjustment unless Central Mortgage is notified in writing 10 days prior to the next draft date. Central
Mortgage will continue to draft the account for the current amount due until the loan is paid in full, or
written notice is received for draft cancellation. I will provide at least 10-day advance notice to cancel
                             my draft or make a change in the bank account.

________________________________________                ________________________________
Signature                                               Date

						
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