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# On a modification transaction, why is the Current Balance defaulted to d. Refinance (incl. debts to be paid off) within the Fannie Mae 1003 Freddie Mac 65 Uniform Residential Loan Application or Credit Application Real Estate documents?

This reduces duplicate data entry that would otherwise be required. Once you change the value in the field(s) it will no longer default from the Current Balance. You will be responsible for entering and maintaining desired values.

An example of when a change may be necessary could include, but is not limited to, circumstances where there is an additional disbursement beyond the current outstanding balance of the loan being modified such as a loan or credit card payoff.