Balloon Note Template

State:
Multi-State
Control #:
US-4163SB
Format:
Word; 
Rich Text
Instant download

Description

This is a Multistate Balloon Note Addendum for Single Family form. Multistate Balloon Note Addendum — Single Family is a legal document that provides additional terms and conditions to the underlying balloon note for a single family loan. It is used to supplement the Balloon Note in order to protect the lender’s interests with respect to the loan. This addendum is commonly used when the loan is secured by a residence in multiple states. The addendum provides additional terms and conditions regarding the payment of the balloon note, the selection of the applicable law, and the calculation of interest. The addendum also sets forth the rights and obligations of the lender and borrower in the event of default. There are two types of Multistate Balloon Note Addendum — Single Family: Standard and Investor. The Standard version is used for loans originated by banks, credit unions, and other traditional lenders. The Investor version is used for loans originated by private investors.

Multistate Balloon Note Addendum — Single Family is a legal document that provides additional terms and conditions to the underlying balloon note for a single family loan. It is used to supplement the Balloon Note in order to protect the lender’s interests with respect to the loan. This addendum is commonly used when the loan is secured by a residence in multiple states. The addendum provides additional terms and conditions regarding the payment of the balloon note, the selection of the applicable law, and the calculation of interest. The addendum also sets forth the rights and obligations of the lender and borrower in the event of default. There are two types of Multistate Balloon Note Addendum — Single Family: Standard and Investor. The Standard version is used for loans originated by banks, credit unions, and other traditional lenders. The Investor version is used for loans originated by private investors.

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Balloon Note Template