New Loan Form

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NEW LOAN FORM
Please complete and return, if applicable, as soon as possible.
ACCOUNTS TO BE PAID OFF OR PAID DOWN AT CLOSING
Please Indicate Name of Current Lender & Loan Type (1st Mortgage, 2nd Mortgage, Personal Loan, Credit Card)
*PLEASE INCLUDE CURRENT STATEMENTS
NAME OF CREDITOR:
Approx Bal. $
CURRENT LOAN NO.:
LOAN TYPE:
Payoff
Pay down
NAME OF CREDITOR:
Approx Bal. $
CURRENT LOAN NO.:
LOAN TYPE:
Payoff
Pay down
NAME OF CREDITOR:
Approx Bal. $
CURRENT LOAN NO.:
LOAN TYPE:
Payoff
Pay down
Title Matters
Since acquiring title, has there been a Marriage, Divorce, name change or Death?
YES
NO
(If YES, please provide a COPY of the Marriage, Divorce, Name Change, or Death Certificate)
IF TITLE TO THE PROPERTY WILL CHANGE, PLEASE MAKE A SELECTION BELOW AND COMPLETE THE FULL NAMES AND
MARITAL STATUS OF THE TITLE HOLDERS. THE FOLLOWING ARE GENERAL DESCRIPTIONS ONLY. IT IS RECOMMENDED
THAT YOU CONSULT YOUR ATTORNEY OR ACCOUNTANT TO DETERMINE WHICH YOU SHOULD USE FOR THIS
TRANSACTION AND SELECT THE APPROPRIATE OPTION.
SEVERALTY - Sole ownership of the property by one person or entity.
TENANTS IN COMMON - Ownership of the property by two or more persons or entities, each with separate percentage interests. You must
specify the percentage interest for each owner. Generally, each owner has equal rights to possess and use the property and may separately
convey and deal with the owner’s respective interest. When one owner dies, that owner’s interest in the property passes to that owner’s heirs,
not to the other owners.
TENANTS BY THE ENTIRETY - A type of joint tenancy ownership available only to husband and wife, reciprocal beneficiaries registered
under Hawaii Revised Statutes Chapter 572C, and partners to a civil union meeting the requirements of Hawaii Revised Statutes Chapter
572B. Generally, property held in this tenancy is protected against claims under state law by creditors of one of the owners (please consult
your attorney for details). When one owner dies, his or her interest passes automatically, without probate, to the surviving spouse, reciprocal
beneficiary or civil union partner. Until death, divorce, or termination of the reciprocal beneficiary status, both owners’ signatures are required
for any deeds, mortgages, or other transfers of interests in the property
JOINT TENANCY - Ownership by two or more individuals, each with an equal interest in the property. Can only be used by individuals, and
not companies, trustees, or other entities. When one owner dies, his or her interest passes automatically, without probate, to the other
owner(s). Any one of the owners may sever the joint tenancy by conveying his or her interest.
TITLE TO BE VESTED IN (provide full name(s), marital or other applicable status, state of incorporation or registration if the grantee is a corporation,
partnership, limited liability company or other legal entity, and street address. If tenancy in common is used, please supply percentage interest of each
party. NOTE: If married, registered reciprocal beneficiary, or partner to a civil union, the full legal name of your spouse, beneficiary, or partner is
required regardless of vesting. Attach additional pages if necessary):
Indiv. Full Name:
Indiv. Full Name:
Address:
Address:
Marital Status (Check One):
Marital Status (Check One):
Single
Single
Married (Spouse's Name:
)
Married (Spouse's Name:
)
Reciprocal Beneficiary
Reciprocal Beneficiary
(Beneficiary’s Name:
)
(Beneficiary’s Name:
)
Civil Union (Partner’s Name:
)
Civil Union (Partner’s Name:
)
If Applicable:
If Applicable:
Tenants in Common
%
Tenants in Common
%
Entity’s Name:
Address:
State of Incorporation/Registration:
Signature
Date
Signature
Date
Print Name:
Print Name:

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