Use this template to prepare a Fixed Rate Closed Term Mortgage for use in Canada, which can be adapted for use in most Canadian provinces by filling in the names of the appropriate provincial land titles legislation. Standard provisions of the mortgage include:

• Equal monthly payments of blended principal and interest (and taxes, if the lender requires).


• On default, the lender has the right to take possession of the property by distress warrant or by foreclosing on the property.


• The lender has the right to bring legal action to recover mortgage arrears and costs, plus interest and any other amounts owing.

This Canada Fixed Rate Closed Term Mortgage is a MS Word document, and is fully editable.