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.
Balloon Note Template
Description
How to fill out Multistate Balloon Note Addendum - Single Family?
US Legal Forms is the most simple and profitable way to locate suitable formal templates. It’s the most extensive web-based library of business and individual legal paperwork drafted and checked by legal professionals. Here, you can find printable and fillable templates that comply with federal and local laws - just like your Multistate Balloon Note Addendum - Single Family.
Obtaining your template takes just a couple of simple steps. Users that already have an account with a valid subscription only need to log in to the website and download the document on their device. Later, they can find it in their profile in the My Forms tab.
And here’s how you can get a professionally drafted Multistate Balloon Note Addendum - Single Family if you are using US Legal Forms for the first time:
- Read the form description or preview the document to ensure you’ve found the one meeting your demands, or find another one using the search tab above.
- Click Buy now when you’re sure of its compatibility with all the requirements, and select the subscription plan you like most.
- Register for an account with our service, log in, and purchase your subscription using PayPal or you credit card.
- Decide on the preferred file format for your Multistate Balloon Note Addendum - Single Family and save it on your device with the appropriate button.
Once you save a template, you can reaccess it at any time - simply find it in your profile, re-download it for printing and manual fill-out or import it to an online editor to fill it out and sign more efficiently.
Take full advantage of US Legal Forms, your trustworthy assistant in obtaining the required formal paperwork. Give it a try!