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Freddie Mac Loan Number: Property Name: MULTIFAMILY NOTIFIED RATIFIED MAINTENANCE ONLY(Revised 552017)US $ Effective Date:, FOR VALUE RECEIVED, (together with such parties or parties successors and
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How to fill out yield maintenance only template

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How to fill out yield maintenance only

01
Gather all the necessary documents related to the mortgage or loan, such as the original loan contract and any amendments.
02
Calculate the current outstanding balance on the loan.
03
Determine the prepayment penalty or yield maintenance fee specified in the loan agreement. This fee is typically a percentage of the outstanding balance.
04
Contact your lender or loan servicer to inform them of your intention to pay off the loan early and inquire about the specific process for yield maintenance only.
05
Provide the necessary information to the lender, including the loan details, outstanding balance, and any other required documentation.
06
Review the terms and conditions provided by the lender regarding yield maintenance only, ensuring you understand any additional fees or requirements.
07
Prepare the payment for the yield maintenance fee, typically in the form of a certified check or wire transfer.
08
Submit the payment to the lender as instructed, ensuring all necessary information is included.
09
Confirm with the lender that the payment has been received and processed.
10
Once the yield maintenance fee has been paid, ensure that the loan is considered fully satisfied and confirm the release of any related liens or encumbrances.

Who needs yield maintenance only?

01
Borrowers who wish to pay off their mortgage or loan early and want to minimize the prepayment penalty.
02
Individuals or businesses who anticipate a significant decrease in interest rates and seek to refinance their existing loan.
03
Real estate investors or developers who plan to sell a property before the loan term expires and want to avoid high prepayment penalties.
04
Companies or individuals who have negotiated a loan agreement with a yield maintenance provision and want to adhere to its terms.

What is YIELD MAINTENANCE ONLY Form?

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Yield maintenance only is a prepayment penalty provision in a loan agreement that allows the lender to recoup a certain amount of lost interest when the borrower pays off a loan early.
Borrowers who wish to pay off their loan early and are subject to the yield maintenance provision in their loan agreement are required to file yield maintenance only.
To fill out yield maintenance only, borrowers must calculate the amount of the prepayment penalty based on the agreed upon formula in the loan agreement and submit the required paperwork to the lender.
The purpose of yield maintenance only is to compensate the lender for the loss of expected interest income that would have been earned if the borrower had not paid off the loan early.
The amount of the prepayment penalty, the calculation formula used, and any other relevant details specified in the loan agreement must be reported on yield maintenance only.
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