Lenders, prepare a Balloon Mortgage Promissory Note with this easy-to-use template.

Under this form of Promissory Note, the borrower agrees to make monthly payments against the secured amount, until the date of the final payment which will be a balloon payment, i.e. payment in full of the entire balance of principal and interest outstanding at that date. The Note is secured by a mortgage on the borrower's property.

This generic Balloon Mortgage Promissory Note is in MS Word format, and is easy to download, edit and print.