By submitting this application, you represent and acknowledge that:
(1) the information provided in this application is true and correct;
(2) the loan requested pursuant to this application will be secured by a mortgage or deed of trust on the property described in this application;
(3) the collateral 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 mortgage loan;
(5) the collateral property will be used for the purposes indicated in this application;
(6) Funding Alternatives International its servicers, successors or assigns may retain the original and/or an electronic record of this application, whether or not the loan is approved;
(7) Funding Alternatives International and its agents, brokers, insurers, servicers, successors, and assigns may continuously rely on the information contained in this 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;
Authorization to Obtain and Release Information: The undersigned hereby understands and consents that, during the review of this loan request, Funding Alternatives International and/or its subsidiaries and affiliates will conduct due diligence and/or background investigations on the individuals listed in this application. By signing below, the undersigned expressly authorizes Funding Alternatives International to gather financial, credit, background, reference, and other information for the purposes of reviewing this loan request. Additionally, the undersigned authorizes Funding Alternatives International to share such information with affiliates or third parties as a matter of course during the due diligence process. In connection with any such due diligence, Funding Alternatives International is authorized to disclose to affiliates and/or third parties any and all documents and information necessary to complete its investigations. Other than for the necessary business purposes of Funding Alternatives International , all personal and/or non-public information of the undersigned will be treated by Funding Alternatives International as strictly confidential and will not be shared with third parties.
Credit Report Authorization: I hereby authorize Funding Alternatives International and/or its subsidiaries and affiliates to obtain a copy of my credit report from a credit reporting agency of Funding Alternatives International choice. I understand that Funding Alternatives International intends to use the credit report to determine whether to extend credit to me and, if so, upon what terms. I understand that an inquiry will appear on my credit report as a result of this action. I authorize the credit reporting agency to use a copy of this form to request and obtain any information deemed necessary to complete my credit report and further authorize Funding Alternatives International and all third parties to provide requested information to the credit reporting agency in the fulfillment of this loan application request.
Business Purpose Affidavit: The applicant hereby specifically represents to Funding Alternatives International that (1) no owner or guarantor will occupy this property as a residence and (2) this loan will be used primarily for business and commercial purposes and not for personal or consumer use.
Notice of Right to Receive Appraisal Report: You have the right to receive a copy of any appraisal report obtained in connection with this application. If you would like to receive a copy, please email your original Funding Alternatives International contact/broker. We must hear from you no later than 90 days after the date that we notify you of the action taken on your application or that you withdraw your application. In your email, please provide your name and mailing address, as well as the address of the property on which the appraisal was performed. If you have not previously paid for the cost of the appraisal, you will be required to do so before your request is fulfilled.