Balloon loan mortgage
[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 rented property addendum.
Summary: California Balloon Loan Refinancing Instrument
California Balloon Loan Refinancing Instrument - Single Family - Fannie Mae UNIFORM INSTRUMENT (Form 3269.05) Type of Instrument Instrument Revision Date. Modification to Deed of Trust 01/02. Instrument Last Modified Summary Page Last Modified. N/A 9/3/02. Printing Instructions
Summary: Florida Balloon Loan Refinancing Instrument
Florida Balloon Loan Refinancing Instrument - Single Family - Fannie Mae UNIFORM INSTRUMENT (Form 3269.10) Type of Instrument Instrument Revision Date. Mortgage Modification Agreement 01/02. Instrument Last Modified Summary Page Last Modified. N/A 9/3/02. Printing Instructions
[DOC File]Quantitative Problems Chapter 12
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Consider a 5-year balloon loan for $100,000. The bank requires a monthly payment equal to that of a 30-year fixed-rate loan with a nominal annual rate of 5.5%. ... Consider the following options available to a mortgage borrower: Loan Amount Interest Rate Type of Mortgage Discount Point Option 1 $100,000 6.75% 30-yr fixed none Option 2 $150,000 ...
[DOC File]Multistate Balloon Note [Fixed-Rate]
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Multistate Balloon Note [Fixed-Rate] Subject: Single-Family Uniform Mortgage Instruments Author: Federal Home Loan Mortgage Corporation Description: Version: 1/01 Last modified by: Freddie Mac Created Date: 1/6/2004 5:11:00 PM Company: Federal Home Loan Mortgage Corporation
[DOC File]Multistate Balloon Rider [Right to Refinance]
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The New Loan Rate will be a fixed rate of interest equal to the Federal Home Loan Mortgage Corporation’s required net yield for 30-year fixed rate mortgages subject to a 60-day mandatory delivery commitment, plus one-half of one percent (0.5%), rounded to the nearest one-eighth of one percent (0.125%) (the “New Loan Rate”).
[DOC File]Lesson 17 – Chapter 15&16
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3. A loan with a constant payment that slowly pays off the principal borrowed is known as. a. a balloon loan. b. an annuity. c. a strait loan. d. an amortized loan. e. an adjustable loan. 4. If you expected your income to increase and wanted to pay off the mortgage you would obtain a(n) a. balloon payment mortgage. b. growing equity mortgage.
[DOC File]Multistate Balloon Loan Modification Agreement
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balloon loan modification (pursuant to the terms of the balloon note addendum and balloon rider) two original balloon loan modifications must be executed by the borrower: one original is to be filed with the balloon note and one original is to be recorded in the land …
[DOC File]Loan Descriptions - Keller Williams Realty
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As with the 5 Year Balloon loan, the index is typically the fixed interest rate offered at that time by the Federal National Mortgage Association (60 day mandatory yield rate) and is calculated by adding a specified amount to the index (typically .625% - 1.25%).
[DOC File]PROMISSORY NOTE (LONG FORM)
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(Installment with Balloon Payment) In consideration of value received, the undersigned (hereinafter "Borrower") does hereby promise to pay to _____ (hereinafter "Lender"), the amount of $_____, upon which interest will accrue at _____ percent per (x.xx%). ... A poorly managed and documented loan may subject the Lender to Federal and State gift ...
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