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    Balloon Mortgage Promissory Note


    Because a balloon mortgage does not amortize over its term, the borrower has to pay a balance at the end of the loan term. Use this Promissory Note template to set out the conditions covering repayment of the mortgage loan.

    • The borrower agrees to make monthly payments against the balance, until the date of the final payment.
    • The final payment will be a balloon payment which will pay the full amount of principal and interest outstanding at that date.
    • The Note is secured by a mortgage on the borrower's property.
    • This is a generic legal template which is not specific to any country, state or province.
    • Purchase and download the Balloon Mortgage Promissory Note form, use it as often as you need to.
    Download Type: Microsoft Word
    Last Updated: 23-March-2022
    SKU: 4850
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