Private Money Application - Stewardship - Mortgages, Insurance, Financial Planning, & Estate Planning

Subject Property & Transaction Information

Subject Property Address*

Street Address City State ZIP Code

Subject Property APN

Subject Property Legal Description

Transaction Type*

Purchase
Refinance

Purchase Price*

Please enter a number greater than or equal to 50000.

Property Value*

What is the value of the property in its current condition?

Loan Amount*

What is the Loan Amount you are requesting? NOTE - this cannot be more than 80% of the Purchase Price or Property Value

Prefered Funding Source*

Please select the Funding Source or Lender you prefer to work with.

Sierra Resource (Eric Sheldahl)
Klinkloans Fund LLC

Closing Date or Desired Funding Date*

What is the Closing Date on the contract or the date that you would like the loan to fund?

MM

DD

YYYY

Closing Doc Delivery Date

What is the date that you would like the loan docs or closing package to arrive for signing?

MM

DD

YYYY

Anticipated Pay Off Date

What is the date that you plan to pay off this loan?

MM

DD

YYYY

Buyer Information

Buyer Type*

Is the Buyer an Individual/Person or an Entity/Company

Person
Entity

Buyer Name*

Buyer Address*

Street Address City State ZIP Code

Buyer EIN*

Signor Name*

Who is the legal authorized signor for the Buyer/Entity

First Last

Buyer/Signor Social Security Number*

Buyer/Signor Date of Birth*

MM

DD

YYYY

Signor Address*

Street Address City State ZIP Code

Buyer/Signor Phone*

Signor Email*

Closing Information

Closing Type*

How is this transaction being closed?

Closing At a Title/Escrow Company
"Cash" transaction (No Title Company)
Bid Service Company

Title Company Name*

Title/Escrow Officer Name*

First Last

Title/Escrow Officer Phone*

Title/Escrow Officer Email*

Who is facilitating the recording of the loan docs?*

Who is notarizing the loan docs?*

What email address should receive loan docs?*

Bid Service Company Name

Trustee Name*

Home Owners Insurance Information

The funding source requires that you have Home Owners Insurance on the property. Please provide the following information to ensure the proper Insurance data is on file.

Insurance Company Name

Insurance Agent Name

Insurance Agent Phone Number

Insurance Agent Email

Supporting Documentation

Purchase Contract or Bid Receipt*

Please include all pages - including assignments

Preliminary Title Report*

Proof of Ability to Repay

This can be met with at least ONE of the following: A) Recent credit report (within 90 days), B) Recent income statements (tax return or W2s), C) Recent asset statement (within 90 days), D) Recent Pay Off Statement or Closing Statement of previous Private Money Loan, E) Proof Entity is in "Good Standing" with the Corporation Commission, F) Active Real Estate License

Articles of Organization for Buyer Entity

Signing Authority for Signor of Buyer Entity

Wire Instructions

Evidence of Property Insurance

Loan Terms

Monthly Payments are due on the first day of each month. Monthly Payments are calculated as interest-only payments per annum. Interest will be charged each month on the entire unpaid balance of the account. Interest and monthly payments will be calculated on a 30 day month and 360 day year. If a payment is made late, 10.000% of the monthly payment amount will be added as a late fee. If the borrower(s) ever default on the loan, the interest rate will rise to 29.000%. This loan does NOT have a pre-payment penalty. This loan DOES have a Balloon Payment. The full loan balance payment (Balloon Payment) is due 6 months from the date the loan is funded. Regardless of when the loan is paid off, a MINIMUM of one month's interest (30 days) will be charged and due. These loan terms are being provided by Stewardship Mortgage LLC - a licensed Arizona Mortgage Broker. Stewardship Mortgage LLC is acting as a Loan Originating Agent.

Proposed Loan Amount

Loan to Value (LTV)

Interest Rate %

Interest Rate % (special 12%)

Monthly Payment

Payments are due on the first of the month and paid in arrears. The first payment is not due the month after funding. The first payment is due on the first of the second month following the month of the loan funding.

Daily Interest

Monthly Payment

Payments are due on the first of the month and paid in arrears. The first payment is not due the month after funding. The first payment is due on the first of the second month following the month of the loan funding.

Daily Interest

Down Payment

Due from Borrower

Loan Origination Fee to Stewardship Mortgage LLC

Due from Borrower

Loan Origination Fee to Stewardship Mortgage LLC

Due from Borrower

Loan Origination Fee to Stewardship Mortgage LLC

Due from Borrower

Loan Origination Fee to Stewardship Mortgage LLC

Due from Borrower

Acknowledgment and Agreement

Each of the undersigned specifically represents to Lender and to Lender's actual or potential agents, brokers, processors, attorneys, insurers, services, successors and assigns and agrees and acknowledges that: (1) the information provided in this application is true and correct as of the date set forth opposite my signature and that any intentional or negligent misrepresentation of this information contained in this application may result in civil liability, including monetary damages, to any person who may suffer any loss due to reliance upon any misrepresentation that I have made on this application, and/or in criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Sec. 1001, et seq.; (2) the loan requested pursuant to this application (the ''loan'') will be secured by a mortgage or deed of trust on the property described herein, (3) the property will not be used for any illegal or prohibited purpose or use; (4) all statements made in this application are made for the purpose of obtaining a residential mortgage loan; (5) the property will be occupied as indicated herein; (6) any owner or servicer of the Loan may verify or reverify any information contained in the application from any source named in this application, and Lender, its successors or assigns may retain the original and/or an electronic record of this application, even if the Loan is not approved; (7) the Lender and its agents, brokers, insurers, servicers, successors and assigns may continuously rely on the information contained in the application, and I am obligated to amend and/or supplement the information provided in this application if any of the material facts that I have represented herein should change prior to closing of the Loan; (8) in the event that my payments on the Loan become delinquent, the owner or servicer of the Loan may, in addition to any other rights and remedies that it may have relating to such delinquency, report my name and account information to one or more consumer credit reporting agencies; (9) signature of this form gives consent to the originator that a credit report may be pulled using the signors social security number; (10) neither Lender nor its agents, brokers, insurers, servicers, successors or assigns has made any representation or warranty, express or implied, to me regarding the property or the condition or value of the property; and (11) my transmission of this application as an ''electronic record'' containing my ''electronic signature,'' as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or my facsimile transmission of this application containing a facsimile of my signature, shall be as effective, ENFORCEABLE AND VALID as if a paper version of this application were delivered containing my original written signature. I CERTIFY THAT THIS LOAN APPLICATION IS FOR BUSINESS PURPOSES. THE SUBJECT PROPERTY ON THIS LOAN APPLICATION WILL NOT BE OWNER OCCUPIED WHILE THIS APPLIED FOR LOAN IS ACTIVE ADN OPEN. I CERTIFY THAT THE SOLE REASON FOR THIS PURCHASE IS FOR INVESTMENT OR BUSINESS PURPOSES.

Signature*

By typing your name, you are agreeing to the above disclaimer and that all provided information is accurate.