Refinance Request for Community Land Trust Homeowners

What are you looking to do today?

Homeowner Information

First Name

Last Name

Street Address of CLT Property

City of CLT Property

State of CLT Property

Zip of CLT Property

Phone Number

Loan Request Information

Reason to Refinance (for example: improve monthly cashflow, divorce/remove co-signer from mortgage, death):

Reason for Home Equity Loan request:

Do you have a court order to Refinance?

Current Mortgage Balance:

Lender of Current Mortgage:

Current house payment per month:

Do you have any additional loans against the property?

Additional Loans

Please list any loans and their amounts you have taken out against the property such as a home improvement loan.

Loan Details

Lender of Loan:

Loan Balance:

Note: There are many costs associated with a refinance. As you are taking out a whole new mortgage, you have to pay closing costs all over again. You also will have to pay off any second mortgage, which are the beneficial, zero interest, no monthly payment loans that helped pay your closing costs when the home was purchased originally. Also, there is the risk that the lender, if they are unaware that your home is a community land trust property, will allow you to take out a loan for more than you can actually sell your home for due to the resale formula. This can also happen with a home equity or home improvement loan. That is why we want you to contact us before taking out these types of loans as well.

See Article 8 of your Land Lease Agreement

Contact Information