Seller Financing Purchase Agreement Addendum

Information you will need

• What’s the effective date of this addendum?
• What’s the seller’s name?
• What’s the buyer’s name?
• What’s the original agreement date?
• What’s the property address?
• What's the second mortgage amount?
• What’s the mortgage interest rate?
• When must the buyer provide their information?
• When must the seller notify the buyer whether their credit information is approved or rejected?
• What's the mortgage type?
• How many months will the loan be amortized?
• How many years will the loan be amortized?
• Is the amortization period in months or years?
• What are the financing terms?
• When will the interest only loan be due?
• How many months will the balloon mortgage be amortized?
• How many years will the balloon mortgage be amortized?
• When will the balloon mortgage be due?
• Is the amortization period for the balloon mortgage in months or years?
• How many months will the adjustable rate mortgage term be?
• How many years will the adjustable rate mortgage term be?
• Is the amortization period for the adjustable rate mortgage in months or years?
• After how many years can the annual interest rate change?
• How often may the annual interest rate be changed?

…and 14 more fields in the PDF.

Completed by the seller and the buyer and the principal.

The form includes 2 signature lines.