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AUTOMATIC MORTGAGE PAYMENT AUTHORIZATION Instructions: Complete the Authorization form below and make a copy of the completed Authorization form for your records. If you are using a checking account

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What is automatic mortgage payment authorization?

Automatic mortgage payment authorization is a process where the borrower gives permission to the lender to automatically withdraw mortgage payments from their designated account.

Who is required to file automatic mortgage payment authorization?

Borrowers who wish to make their mortgage payments automatically are required to file automatic mortgage payment authorization with their lender.

How to fill out automatic mortgage payment authorization?

To fill out automatic mortgage payment authorization, borrowers need to provide their bank account information, authorization for automatic withdrawals, and any other required information requested by the lender.

What is the purpose of automatic mortgage payment authorization?

The purpose of automatic mortgage payment authorization is to ensure timely and convenient mortgage payments without the need for manual processing each month.

What information must be reported on automatic mortgage payment authorization?

Automatic mortgage payment authorization typically requires information such as bank account details, authorization for automatic withdrawals, borrower's name, address, and loan account number.

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