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AMENDMENT TO MULTIFAMILY LOAN AND SECURITY AGREEMENT (Conversion to Fixed Rate) This AMENDMENT TO MULTIFAMILY LOAN AND SECURITY AGREEMENT (this Amendment) dated as of, is executed by and between (Borrower)
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Conversion to fixed rate is the process of changing a variable interest rate loan to a fixed interest rate loan.
Borrowers who want to convert their variable interest rate loan to a fixed interest rate loan are required to file conversion to fixed rate.
To fill out conversion to fixed rate, borrowers need to contact their lender and complete the necessary paperwork to request the conversion.
The purpose of conversion to fixed rate is to provide borrowers with a stable interest rate and predictable monthly payments.
The information that must be reported on conversion to fixed rate includes the borrower's details, current loan information, requested fixed interest rate, and any other relevant financial information.
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