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Mortgage Documents Wisconsin Adjustable Rate Note ARM 52 Single Family Fannie Mae/Freddie Mac UNIFORM INSTRUMENT (Form 3502.50)Type of InstrumentInstrument Revision Date Note1/01 (rev. 6/16)Instrument
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What is Wisconsin Adjustable Rate Note - ARM 5-2 - Single Family - Fannie Mae/Freddie Mac UNI INSTRUMENT ( 3502 Form?

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A Wisconsin adjustable rate note is a legal document that outlines the terms and conditions of an adjustable rate mortgage.
Lenders or financial institutions are typically required to file a Wisconsin adjustable rate note when issuing an adjustable rate mortgage to a borrower.
The Wisconsin adjustable rate note should be filled out accurately and completely by the lender, including all relevant terms of the adjustable rate mortgage.
The purpose of a Wisconsin adjustable rate note is to outline the specific terms of an adjustable rate mortgage, including interest rate adjustments and payment schedules.
The Wisconsin adjustable rate note should include details such as the initial interest rate, frequency of rate adjustments, caps on interest rate changes, and any prepayment penalties.
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