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    Mortgage Form

    Uploaded by

    joel osita
    This document is an application for equity contributions from a retirement savings account (RSA) towards a residential mortgage. It requests personal details of the applicant and spouse, mortgage details like property address and lender, and RSA account information. It also includes an indemnity section where the applicant agrees the RSA earnings may decrease and the funds will only be used for the mortgage. An checklist of documents required from the mortgage lender and RSA holder to the pension fund administrator to process the application is also provided.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Mortgage Form

    Uploaded by

    joel osita
    18 views2 pages
    This document is an application for equity contributions from a retirement savings account (RSA) towards a residential mortgage. It requests personal details of the applicant and spouse, mortgage details like property address and lender, and RSA account information. It also includes an indemnity section where the applicant agrees the RSA earnings may decrease and the funds will only be used for the mortgage. An checklist of documents required from the mortgage lender and RSA holder to the pension fund administrator to process the application is also provided.

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    mortgage form

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    This document is an application for equity contributions from a retirement savings account (RSA) towards a residential mortgage. It requests personal details of the applicant and spouse, mortgage details like property address and lender, and RSA account information. It also includes an indemnity section where the applicant agrees the RSA earnings may decrease and the funds will only be used for the mortgage. An checklist of documents required from the mortgage lender and RSA holder to the pension fund administrator to process the application is also provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    18 views2 pages

    Mortgage Form

    Uploaded by

    joel osita
    This document is an application for equity contributions from a retirement savings account (RSA) towards a residential mortgage. It requests personal details of the applicant and spouse, mortgage details like property address and lender, and RSA account information. It also includes an indemnity section where the applicant agrees the RSA earnings may decrease and the funds will only be used for the mortgage. An checklist of documents required from the mortgage lender and RSA holder to the pension fund administrator to process the application is also provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Form Ref:

    D D M M Y Y Y Y

    Date

    APPLICATION FOR EQUITY CONTRIBUTIONS TOWARDS RESIDENTIAL MORTGAGE

    Name : PIN : PEN


    Mortgage Type : Single Joint

    Name of Property:

    Address of Property:

    Type of Property:
    e.g 1,2,3,4 bedroom, bungalow e.t.c
    Name of Mortgage lender:

    Address of Mortgage lender:

    Account No. of the Applicant with the Mortgage Lender

    Value of Property ( ): RSA Bal. on Application Date:

    Equity Amount ( ): Supplementary Amount ( ):

    JOINT APPLICATION (TO BE FILLED BY SPOUSE)


    Name: PFA: RSA PIN:

    EQUITY CONTRIBUTION

    RSA Holder( ) Spouse( ):

    Total Equity( ):

    Supplementary Amount ( ):
    (if applicable)

    CONTACT DETAIL
    APPLICANT SPOUSE

    Name Name

    Email Email

    Phone Phone

    Signature Signature

    INDEMNITY

    I, ………………………………………………………….. hereby indemnify Trustfund Pensions Limited against any liabilities or loss which may
    occur by virtue of accessing 25% of my RSA balance as equity contribution for residential mortgage. I hereby accept that the future earnings
    on my RSA may be affected by this decision. I also undertake that the sum so released shall be exclusively used for residential mortgage.

    …………………………………............ …………………………………............
    Signature Date

    OFFICIAL USE ONLY

    CERTIFIED BY: ...................................................................................................................................................................................................


    BRANCH: ................................................................................................ DESIGNATION ...................................................................................
    DATE: ....................................................................................................... SIGNATURE: ......................................................................................
    CHECKLIST

    Documents to be submitted to the PFA


    The Mortgage Lender and RSA Holder shall forward the under-listed documents/ additional information to the
    applicant(s) PFA:

    1. Copy of the mortgage application form

    2. Property offer letter from seller, which should contain, at the minimum, the value of property, type of
    property, and address of the property

    3. Property verification letter from the lender, which should contain, at the minimum, the value of property, type of
    property, and address of the property

    4. Property valuation report

    5. Mortgage loan offer letter

    6. Bank account details of the applicant with the Mortgage Lender

    7. Indemnity by the Mortgage Lender to the PFA on the use of the equity contribution

    8. Evidence of payment of difference where 25% of RSA cannot cover the equity required

    9. Valid means of Identification from RSA Holder

    10. RSA Holder's Employment Letter

    11. Letter of Introduction from RSA Holder's Employer

    12. Indemnity by RSA Holder to the PFA on the use of the equity contribution

    13. RSA Holder's Consent Letter to the PFA on the release of funds

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