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<br />1. <br />2. <br />3. <br />4. <br /> <br />5. <br />6. <br />AI. <br />A2. <br />A3. <br />A4. <br />AS. <br />BI-B5. <br /> <br />CI-C4. <br />D. <br /> <br />B1. <br />B2. <br />E3. <br /> <br />B4. <br />E5. <br /> <br />6.11 <br />Page 20 <br /> <br />INSTRUCTIONS FOR COMPLETING REQUEST FOR SUB~RDINATION <br /> <br />Show name(s) ofbolTOwer(s) as recorded on City! Agency Loan. <br /> <br />Identify property address for which Cityl Agency loan was made. <br /> <br />Provide daytime phone numbers of where you can be contacted <br /> <br />Identify which lending program provided assistance to you. Options are Home <br />Improvement Loan Program, Wyndham Place First Time Homebuyer, or Redevelopment <br />Agency Silent Loan Program for first time homebuyers. <br /> <br />Value of property when City/Agency loan was taken. <br /> <br />Current estimated value of property at time of refinancing. <br /> <br />Provide name of first mortgage holder - list recorded loans only. <br /> <br />Origina1loan amount. <br /> <br />Current monthly balance. <br /> <br />Number of year term for cUlTent loan and % interest rate. <br /> <br />Your current monthly payment. <br /> <br />Complete the same instructions for A l-A6 but only if you have a second mortgage with <br />another lender. <br /> <br />Complete for City/Agency Loan by same instructions for Al - A6. <br /> <br />Total the amount of your first and second plus your loan with the City! Agency to <br />detennine the total of all records recorded against your property. <br /> <br />List name of new first mortgage lender. <br /> <br />Show the total "newu loan amount you will have after refinancing. <br /> <br />Show terms of new loans - # of years and interest rate and check whether new loan has a <br />Fixed or adjustable interest rate. <br /> <br />Show the amount of your new monthly payment after refinancing. <br />Calculate tolal monthly savings on housing costs. Enter E5 = A3 + B6 - B4. <br /> <br />Page 3 of4 <br />