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CITY OF SANGER CATHODE PROGRAM PROMISSORY NOTE NOTICE TO BORROWER THIS DOCUMENT CONTAINS PROVISIONS RESTRICTING ASSUMPTIONS AND IS SECURED BY A SECOND DEED OF TRUST ON RESIDENTIAL PROPERTY Loan No.
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How to fill out calhome promissory note
How to fill out a CalHome Promissory Note:
01
Begin by downloading the CalHome Promissory Note form from the official CalHome website or obtain a physical copy from your local housing agency.
02
Read through the instructions provided with the form to familiarize yourself with the terms and requirements. Make sure you understand the purpose of the promissory note and the responsibilities it entails.
03
Fill in the borrower's information section at the top of the form. This includes your name, address, contact details, and any additional personal information requested. Ensure all information is accurate and up-to-date.
04
Next, provide the loan information, such as the loan amount, interest rate, term length, and any other relevant loan details. This information should be obtained from your lender or housing agency.
05
In the repayment terms section, indicate how you intend to repay the loan, whether through structured monthly payments or in a lump sum. Provide the requested information, including the payment amount and frequency.
06
Review the default provisions carefully. These terms outline the consequences in case of non-payment or a breach of the agreement. It's crucial to understand the implications of default and seek clarification if necessary.
07
Sign and date the promissory note in the designated spaces. Ensure that you sign it in the presence of a notary public or authorized witness, as specified in the instructions. Failure to fulfill this requirement may invalidate the document.
Who needs a CalHome Promissory Note?
The CalHome Promissory Note is typically required by individuals or families who have qualified for the CalHome Program, a housing assistance program offered by the state of California. The program aims to assist low-income individuals or families in the purchase, retention, or rehabilitation of their homes.
To participate in the CalHome Program, applicants must meet certain income and eligibility criteria. If approved for the program, borrowers will need to fill out a CalHome Promissory Note, which serves as a legal agreement between the borrower and the program. This promissory note outlines the terms and conditions of the loan, including repayment obligations and default provisions.
It is important to note that the CalHome Promissory Note is specific to the CalHome Program and may not be applicable to other housing assistance programs or general loan agreements. It is recommended to consult with your local housing agency or lender to determine the specific documentation required for your circumstances.
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What is calhome promissory note?
CalHome promissory note is a legal document in which the borrower promises to repay the loan provided by CalHome program.
Who is required to file calhome promissory note?
The borrower who receives a loan from CalHome program is required to file the promissory note.
How to fill out calhome promissory note?
The borrower needs to fill out the required information such as loan amount, repayment terms, and signature.
What is the purpose of calhome promissory note?
The purpose of calhome promissory note is to legally bind the borrower to repay the loan amount provided by CalHome program.
What information must be reported on calhome promissory note?
The calhome promissory note must include loan amount, repayment terms, interest rate, and borrower's signature.
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