Central Mortgage Company Payment Address
Description
Central Mortgage Company Payment Address document sample
Document Sample


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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