Have you ever been in a meeting, or on a call, and needed to take notes but didn't have anything to write with? Or maybe you've had to record minutes and didn't have a pen and paper handy. Chances are you've resorted to using your phone or computer to take notes. While this is definitely an option, it's not always the most efficient way to take notes. Especially if you need to type out a lot of information. A better solution is using a worksheet form. Worksheet forms are designed specifically for taking notes, and they come in all different shapes and sizes. You can find them online or in software programs like Microsoft Word or Excel.
This table has got information regarding worksheet form. Our recommendation is that you look at this material before you decide to start editing the file.
| Question | Answer |
|---|---|
| Form Name | Worksheet Form |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | va irrrl worksheet fillable, va comparison statement, va loan comparison form, va loan comparison worksheet |
VA INTEREST RATE REDUCTION REFINANCE LOAN
COMPARISON STATEMENT
VETERAN:
ORIGINATOR:
PROPERTY:
SPOUSE:
MONTHLY SAVINGS: OLD LOAN VS. NEW LOAN
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OLD LOAN |
PROPOSED LOAN |
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VA Loan # |
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Month & Year Originated |
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Interest Rate |
(1) |
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Loan Term |
(2) |
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Fixed Rate or ARM |
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Original Loan Amount (including funding fee) |
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Principal & Interest Payment |
(3) |
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Tax & Insurance Payment |
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PITI Payment |
(4) |
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MY ESTIMATED MONTHLY SAVINGS (OLD PITI MINUS NEW PITI): |
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A |
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TOTAL COSTS FOR THE NEW LOAN
Proposed New Loan Amount (including funding fee) |
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Current Principal Balance (Old Loan) |
- |
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Financed Cost of the New Loan (New Loan Amt minus Old Loan Balance) |
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+ |
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MY ESTIMATED TOTAL COSTS FOR THE NEW LOAN: |
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B |
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VETERAN'S CERTIFICATION & STATEMENT OF UNDERSTANDING
Due to financed closing costs, I understand that the principal balance of my proposed loan will increase
by approximately |
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I will pay |
approximately |
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in out- |
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I also |
understand |
that with |
the |
estimated |
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in |
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monthly savings on my house payment, that it will take approximately |
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months |
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or |
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years |
to recoup my estimated total |
costs for the |
new loan ( B divided by A). |
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( |
) currently occupy, |
or ( |
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) previously occupied |
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I certify that I |
(check one) |
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the property referenced above as my primary residence. |
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________________________________________ |
_________________________________________ |
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Veteran |
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Date |
Spouse |
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Date |
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________________________________________
OriginatorDate
(1)The interest rate on the new loan must be lower than the interest rate on the old loan unless the old loan is an ARM and the new loan is a fixed rate.
(2)The maximum loan term is the original term of the old loan plus 10 years, with the maximum maturity date being 30 years and 32 days from date of closing.
(3)The P & I payment on the new loan must be less than the P & I payment on the old loan unless one of these exceptions applies:
(a)the old loan is an ARM and the new loan is a fixed rate, or (b) the term of the new loan is shorter than the term of the old loan, or
(c)allowable energy efficient improvements are included in the new loan.
(4)If the monthly payment (PITI) increases by 20% or more, the lender must:
(a)determine, and (b) include a certification, that the Veteran qualifies for the new monthly payment.
VA IRRRL Comparison Old vs. New