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CONFIDENTIALITY AGREEMENT Principal Only It is understood that the undersigned is interested in receiving information regarding the Chipotle. Investor agrees s×he is a bona fide purchaser requesting
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How to fill out principal only:

01
Start by identifying the principal only option on the form or document you are filling out. This option is typically provided when making payments towards a loan or mortgage.
02
Check the box or select the option for principal only. It is important to ensure that you are specifically designating your payment towards reducing the principal balance, as opposed to interest or other fees.
03
Determine the amount you want to allocate towards the principal. This can be done by subtracting any interest or fees from the total payment amount. For example, if your total payment is $500 and $100 is interest, you would allocate $400 towards the principal.
04
Write down the principal only amount or input it in the appropriate field on the form. Double-check the accuracy of the designated amount to avoid any errors.
05
Submit the form or make the payment with the principal only designation. It is recommended to keep a record or receipt of the transaction for your own records.

Who needs principal only:

01
Borrowers who want to pay off their loan or mortgage faster. By allocating payments towards the principal only, borrowers can reduce the overall balance of the loan and potentially save on interest over the loan term.
02
Individuals looking to reduce their debt burden. By focusing on paying down the principal, borrowers can decrease the overall debt owed, which can lead to financial freedom and improved credit scores.
03
Those with surplus funds who want to make a significant impact on their loan balance. If you have some extra money available, allocating it towards the principal only can help you make a substantial dent in your debt and potentially shorten the loan term.
Remember, it is important to review the terms and conditions of your loan or mortgage to ensure that principal-only payments are allowed and to understand any potential penalties or restrictions.
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Principal only refers to a payment that is applied to the remaining balance of a loan or debt, rather than towards interest or other fees.
Individuals or organizations that have loans or debts with a principal balance may be required to file principal only payments.
To fill out principal only, simply make a payment towards the principal balance of your loan or debt, specifying that it is for principal only.
The purpose of principal only payments is to reduce the overall amount of debt owed more quickly, saving money on interest payments over time.
The amount paid towards the principal balance, the date of the payment, and any relevant account or loan numbers may need to be reported when making principal only payments.
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