Form 3291-2026

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4.9 out of 5

261 votes

The Balloon Note Addendum outlines the terms for the conditional modification and extension of loan terms between the Borrower and Lender. It allows the Borrower to extend the maturity date of the loan and modify the interest rate under specific conditions, including maintaining ownership and occupancy of the property, being current on payments, and meeting certain financial criteria. The document details how to calculate the modified interest rate and new payment amounts, as well as the process for exercising this option.

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Click ‘Get Form’ to open form 3291 in the editor.
Begin by entering the date at the top of the form, which is essential for establishing the timeline of your agreement.
Fill in your name as the Borrower and the name of the Lender. Ensure accuracy to avoid any legal complications.
In Section 1, specify the Extended Maturity Date and Modified Note Rate if you wish to exercise your options. This section is crucial for understanding your loan terms.
Review Section 2 carefully and check off each condition that must be met to qualify for modification. This ensures you are aware of all requirements.
Complete Sections 3 and 4 by calculating the Modified Note Rate and new payment amount based on provided formulas. Use our platform’s calculation tools for convenience.
Finally, sign at the bottom of the form where indicated, ensuring all signatures are completed before submission.

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Versions	Form popularity	Fillable & printable
2001	4.9 Satisfied (261 Votes)

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balloon note addendum

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