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Mortgage DocumentsMultistate Adjustable Rate Rider Fixed Rate Option Addendum (Security Instrument) Fannie Mae UNIFORM INSTRUMENT (Form 3109)Type of InstrumentInstrument Revision Date Addendum to
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Multistate adjustable rate rider is a document that allows for changes in interest rates on a mortgage loan.
Lenders or mortgage servicers are required to file the multistate adjustable rate rider.
The multistate adjustable rate rider can be filled out by providing the necessary information requested on the form.
The purpose of the multistate adjustable rate rider is to disclose information about possible changes in interest rates on a mortgage loan.
Information such as current interest rate, index, margin, frequency of adjustments, and caps on interest rate changes must be reported on the multistate adjustable rate rider.
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