Balloon Mortgage Promissory Note | Canada

Overview

This section provides an overview of the Balloon Mortgage Promissory Note template designed for Canadian mortgage lenders. The template is available in MS Word format, making it convenient to download, edit, and print according to specific requirements.

Payment Terms

  • Under this note, the borrower is required to make monthly payments toward the secured amount. These payments will continue until the date of the final payment.
  • On the maturity date, the borrower must make a balloon payment that covers the entire remaining balance of both principal and interest outstanding. This structure ensures that the loan is fully repaid at maturity.

Security

The Balloon Mortgage Promissory Note is secured by a mortgage on the borrower’s property. This security measure provides protection for the lender and helps ensure repayment of the loan.

Document Type: Microsoft Word
Last Updated: 17-September-2025
SKU: 6544
$3.99
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