[Joy4lyBless]

My husband & I are trying to obtain a loan modification & they have a statement which reads, "allonge to this note for payment adjustments,"... then they list 3 options as follows for us to check one of them: 1). Graduated Payment Allonge, 2). Growing equity Allonge & 3). Other (specify) however I can not specify if I chose that option because I am not sure how to response. Please help us. Thx u

[LisaB4657]

An allonge is an amendment to a promissory note. It is usually used when a loan is modified. It changes the terms of the original note, such as the payment amounts, payment frequency, interest rate, etc.

If the first two options don't list your understanding of what was supposed to be changed then you would list the changes in "Other". However I suggest that you not make any changes or additions to the document until you speak to someone at the lender's office. They should be able to answer your questions.