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Georgia Balloon Loan Refinancing Instrument (Form - Fannie Mae

Georgia Balloon Loan Refinancing Instrument (Form - Fannie Mae 2025

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The document is a Security Deed Modification Agreement designed for refinancing balloon loans using Fannie Mae uniform instruments. It outlines the terms under which a borrower can renew and extend their mortgage or deed of trust to secure repayment of the debt, including details about the loan amount, interest rates, payment schedules, and obligations of the parties involved. The agreement also specifies conditions for default, rights of transfer, and the cancellation of previous agreements related to the balloon note.

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How to Use or Fill Out Georgia Balloon Loan Refinancing Instrument (Form - Fannie Mae)

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the 'Recording Requested By' section with the company name, natural person's name, street address, city, state, and ZIP code.
In the 'Refinancing Date' field, enter the date of refinancing. Ensure all parties involved are clearly identified as Borrower, Co-grantor, and Lender.
Complete Section D by entering the principal amount of the loan and interest rate. Specify payment details including monthly payment amounts and due dates.
Review all sections for accuracy. Make sure to initial where required and sign at the end of the document.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a uniform instrument?

The Fannie Mae Flex Modification offers eligible homeowners mortgage payment relief. The terms of the modification are determined by applying a series of steps that are designed to achieve a 20% principal and interest payment reduction target.

Can you refinance a Fannie Mae loan?

Uniform Instruments are the Fannie Mae/Freddie Mac and Freddie Mac Notes, Riders, and Security Instruments (Deeds of Trust and Mortgages) used when originating Single-Family residential mortgage loans, in all States and U. S. Territories, as identified in the List of Single-Family Uniform Instruments provided on this

What does it mean when a mortgage is a negotiable instrument?

A negotiable instrument is a signed document that promises payment to a specified person or assignee. In other words, it is a formalized type of IOU: a transferable, signed document that promises to pay the bearer a sum of money at a future date or on demand.

What is the Fannie Mae Flex loan modification?

Thats where Fannie Mae asset depletion mortgage program comes into play. It allows you to use the money, savings, investments, or retirement accounts you already have to qualify for a loan. Asset depletion loans provide a powerful alternative for borrowers who are asset-rich but income-poor.

What is a uniform secured note?

The Uniform Secured Note clause establishes the borrowers obligation to repay a loan under standardized terms, with the loan being secured by collateral, typically real property.

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