Products tagged with 'balloon mortgage form'
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Balloon Promissory Note with Collateral Provisions
Use this Balloon Promissory Note form in situations where the borrower is required to provide additional collateral besides the property being mortgaged.
- The borrower agrees to make monthly payments against the amount secured by the Note, until the date of the final payment.
- The final payment will be a balloon payment (in other words, a payment in full of the entire balance of principal and interest outstanding at that date).
- The note has an additional provision requiring the borrower to put up personal property or real estate as additional collateral security.
- This is a generic legal form which is not specific to any country, state or province.
- This template is available in MS Word format and is fully editable to meet your needs.
$2.49
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.
- Available in MS Word format.
$2.29
Balloon Mortgage and Security Agreement | USA
Prepare a Balloon Mortgage and Security Agreement for borrowers with this easy-to-use template.
- The entire unpaid balance of the mortgage loan and interest is due on the maturity date.
- The borrower (mortgagor) will pay all taxes, rates and assessments levied against the mortgaged property.
- The borrower must keep the mortgaged property insured for such risks and in such amounts as the lender may require.
- The borrower must get the lender's consent before making any alterations to the property, and must maintain the property in good condition and repair.
- If the borrower attempts to transfer all or any part of the property, the mortgage loan plus interest will immediately become due.
- The borrower waives all right of homestead exemption in the property.
- The mortgage will secure not only the borrower's existing debt to the lender, but any future advances made within 20 years of the date of the mortgage to the same extent as if they were made on the date of execution of the mortgage.
- This template is not state-specific. Some state laws require specific wording to be added to balloon mortgages. Check your state legislation online for details.
- Intended to be used only within the United States.
$29.99
