Balloon loan amortization template
[DOCX File]Closing Disclosure - Freddie Mac
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For example, in Section 4.1, up to three additional sets of details can be provided about 4.1-Loan Amount: 4.1.1-the loan amount in dollars, 4.1.2-an indicator of whether the loan amount can increase, and 4.1.3-if the loan amount can increase details about how that could occur.
[DOC File]Real Estate Finance
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An 80% loan/value ratio loan with a 6.5% annual interest rate, monthly mortgage payments, a 30 year amortization schedule, 2% financing costs and a 3% prepayment penalty. B. A 75% loan/value ratio loan with a 6.25% annual interest rate, a 30 year amortization period, monthly interest only payments for three years, 2% financing costs and a 2% prepayment penalty. C. An 85% loan/value ratio loan ...
[DOC File]real estate forms mortgage forms Balloon Mortgage
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MORTGAGE NOTE (Fixed Rate) THIS IS A BALLOON MORTGAGE NOTE AND THE FINAL PAYMENT OR THE BALANCE DUE UPON MATURITY IS $23,000 TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE TERMS OF THE MORTGAGE . This instrument was prepared by: John Smith, Street Address, City, State, Zip. …
New York Security Instrument (Form 3033): Word
The “Loan” means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (G) “Sums Secured.” The amounts described below in the section titled “Borrower’s Transfer to Lender of Rights in the Property” sometimes will be called the “Sums Secured.” (H) “Riders ...
[DOC File]Sample Land Bank Policies and Procedures
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Land Bank financing could be a mortgage and promissory note between the Land Bank and the buyer of real property in which there is a need for the Land Bank to provide the financing to buy the property for an agreed-upon purchase price and the buyer repays the loan in installments. The sale price will be paid in periodic installments, often with a balloon payment at the end to make the time ...
[DOC File]LHAP Template Plan Text - Jackson County, Florida
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2020-06-03 · (ARM), prepayment penalty, negative amortization, balloon loan or owner. financing is allowed. 8. The Jackson County purchase assistance and rehabilitation guidelines. will be followed for this strategy if rehabilitation assistance is required. 9. The Jackson County Purchasing Policy may be used for rehabilitation. projects. 10. The property must be owner occupied. 11. The applicant may not be ...
[DOC File]Bank Secrecy Act Policy - Banker’s Compliance
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The loan with the lowest interest rate without negative amortization, a prepayment penalty, interest-only payments, a balloon payment in the first 7 years of the life of the loan, a demand feature, shared equity, or shared appreciation; or, in the case of a reverse mortgage, a loan without a prepayment penalty, or shared equity or shared appreciation; and, The loan with the lowest total dollar ...
[DOC File]Chapter 9
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1. Use the Amortization Template that determines the monthly mortgage payment based on a specific interest rate and principal with a 15-year maturity, and then for a 30-year maturity. Is the monthly payment for the 15-year maturity twice the amount as for the 30-year maturity, or …
Loan Modification Agreement (Form 3161): Word
LOAN MODIFICATION AGREEMENT—Single Family—Fannie Mae Uniform Instrument Form 3161 06/06 (rev. 06/12) (page 2 of 2) Title: Loan Modification Agreement (Form 3161): Word Subject: Single-Family - Fannie Mae Uniform Instrument Author: Fannie Mae Keywords: 3161,Special Purpose,Standard,Multi,English Last modified by: Serret, Christopher Created Date: 8/9/2017 8:47:00 …
[DOCX File]Docutech l ConformX Dynamic Loan Document Generation
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CA Balloon Disclosure Regarding Extension of Credit. 2786. A loan secured by a dwelling, the principal of which is more than either $30,000 (first lien) or $20,000 (second lien), that contains a balloon payment. A single dwelling unit in a condo or cooperative or a 1- to 4- family residential building. Prior to closing. CAL. BUS. & PROF. CODE § 10241.4. No. No. Initial Disclosure. CA Home ...
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