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The First Payment Letter is provided by your lender when you close your mortgage that notes the amount of your monthly mortgage payment, when the payment is due and where to send the payment. Please note that this is an example First Payment Letter document that should be used for informational purposes only.
Loan terms assume conforming mortgage amount, 80% LTV ratio and minimum borrower credit score of 740. $150,000 minimum mortgage amount. Borrower is responsible for $995 lender fee. Loan terms are subject to change without notice.
Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.