Interest only with balloon payment
[DOC File]COMPUTING MORTGAGE INTEREST DIFFERENTIAL PAYMENTS
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Mortgage with Balloon Payments - If the mortgage has a balloon payment, use the mortgage balance, interest rate and monthly payment amount that was in effect on the date of acquisition. The monthly payment is normally predicted on a term longer than the actual term of the mortgage, so the computed remaining term will be greater than the actual ...
[DOC File]form4c.rtf
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Promissory Note (Payments of Interest Only, Large Final Balloon Payment) 1. Names. Borrower: _____ Lender: _____ 2. Promise to Pay. For value received, Borrower promises to pay Lender $_____ and interest at the yearly rate of _____% on the unpaid balance as specified below. ...
[DOC File]Consumer Financial Protection Bureau
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If you are unable to make the balloon payment, you could lose your home. If your plan has a variable interest rate, your monthly payments may change. Assume, for example, that you borrow $10,000 under a plan that calls for interest-only payments. At a 10 percent interest rate, …
[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. …
[DOCX File]WordPress.com
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INTEREST ONLY WITH A BALLOON: Use stated (original or deal) rate to calculate the annual interest payments. Amount borrowed x stated rate = PMT. Use the realistic (current or bank) rate to calculate the PV of the interest payments (PMT) and the PV of the balloon payment (FV). Annual payment PMT. Balloon payment FV. Current rate I/Y. Periods N
[DOC File]Multistate Balloon Note [Fixed-Rate]
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The amount of the charge will be _____% of my overdue payment of principal and interest. I will pay this late charge promptly but only once on each late payment. (B) Default. If I do not pay the full amount of each monthly payment on the date it is due, I will be in default. ... [Sign Original Only] MULTISTATE BALLOON NOTE (Fixed Rate)--Single ...
[DOC File]PROMISSORY NOTE (LONG FORM)
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Lender reserves the right to demand payment in full or in part, together with interest accrued, at any time and for any reason as Lender deems a breach of this contract. In the event this Note shall be in default, and collection proceedings are instituted, then the Borrowers agree to pay all reasonable attorney fees and costs of collection.
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