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Loan Number: Uniform Borrower Assistance Form If you are experiencing a temporary or long term hardship and need help, you must complete and submit this form along with other required documentation
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How to fill out fannie mae form 710
How to fill out Fannie Mae form 710:
01
Begin by carefully reading the instructions provided with the form. This will help you understand the purpose and requirements of the form.
02
Gather all the necessary information and documentation required to complete the form accurately. This may include financial statements, supporting documents, and other relevant information.
03
Start by filling out the borrower's information, such as their name, address, and social security number, in the designated fields.
04
Provide detailed information about your employment history, including your current and previous employers, job titles, dates of employment, and income sources.
05
In the section related to assets, list all your assets such as bank accounts, investments, properties, and other valuable possessions. Include information about their value, ownership, and any associated liabilities.
06
The form also requires you to disclose your monthly income and expenses. Provide an accurate breakdown of your income, including wages, self-employment earnings, rental income, etc. Similarly, list your monthly expenses, including housing costs, utilities, debt payments, and other regular expenditures.
07
If you have any outstanding debts or liabilities, disclose them in the relevant section of the form. This may include credit card debt, student loans, mortgages, and other financial obligations.
08
Carefully review the completed form for accuracy and make any necessary corrections or revisions.
09
Sign and date the form in the designated fields to certify the accuracy of the information provided.
10
Submit the completed form to the relevant party, such as your lender or mortgage servicer, as instructed.
Who needs Fannie Mae form 710:
01
Individuals applying for a mortgage loan or seeking to modify an existing mortgage may be required to complete Fannie Mae form 710.
02
Lenders and mortgage servicers may also utilize this form to assess the borrower's financial situation and determine their eligibility for certain mortgage programs or assistance.
03
Homeowners who are facing financial difficulties or seeking loan modifications may be asked to complete this form as part of the application process for loan forbearance or loss mitigation options.
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