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.
Document Type: Microsoft Word
Last Updated: 06-February-2025
SKU: 4850
$2.29
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Picture of Balloon Promissory Note with Collateral Provisions

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.
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Picture of Florida Balloon Mortgage

Florida Balloon Mortgage

Florida lenders, prepare a Balloon Mortgage for borrowers with this easy-to-use 17-page template.

  • The mortgage contains uniform covenants with respect to payment of principal and interest, taxes and insurance, prior mortgages, preservation of the property, acceleration and remedies on default, and other standard mortgage clauses.
  • The mortgage and note securing the mortgage may be sold without prior notice to the borrower.
  • The mortgage form includes a Rented Property Addendum to be used if the mortgaged property is rental property.
  • This template is in MS Word format and is fully editable. You can download the digital file right after purchasing it.
  • Intended to be used only in the State of Florida.
$19.99
Picture of Florida Balloon Mortgage Note

Florida Balloon Mortgage Note

Florida mortgage lenders, prepare a Mortgage Note to secure a balloon mortgage with this easy-to-use template.

  • Under this form of Mortgage 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.
  • On the final payment date, the entire balance of principal and interest outstanding is due.
  • The Note is secured by a mortgage on the borrower's property.
  • This form template is available in MS Word format and is fully editable.
  • Intended for use only in the State of Florida.
$11.99
Picture of Balloon Mortgage and Security Agreement | USA

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
Picture of USA Partial Assignment of Balloon Mortgage and Note

USA Partial Assignment of Balloon Mortgage and Note

Transfer a portion of your interest in a balloon mortgage to another party with this easy-to-use Partial Assignment of Balloon Mortgage Note.

  • The assignment can be used throughout the United States.
  • The assignor gives representations to the assignee regarding the principal amount owing, the interest rate, and the amount of the monthly payments.
  • The partial interest is being transferred to the assignee until a certain amount has been paid by the borrower, after which the assignee will transfer full interest back to the assignor.

To download the Partial Assignment form, just add it to your shopping cart and click on the Checkout button.

$6.29
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USA Promissory Note for Interest Only

Promissory Note for Interest Only | USA

Overview of the Promissory Note Form (for Interest Only)

Securing Loan Repayment

This Promissory Note for Interest Only is designed to provide security for the repayment of a loan. The structure of this note enables the borrower to make payments towards the interest only, with the repayment of the principal deferred until a date specified within the document.

Interest Payment Structure

Under this arrangement, the borrower is required to make interest payments in arrears, following a schedule of regular, predetermined dates. This ensures that interest obligations are consistently met throughout the term of the loan.

Principal Repayment Terms

The principal amount of the loan does not need to be repaid until the specified maturity date outlined in the Note. However, should the borrower wish to repay any or all of the principal before that date, they may do so without incurring any penalties or fees.

Template Format and Customization

The USA Promissory Note for Interest Only is provided in Microsoft Word format. This allows the document to be edited as necessary, so that all the particulars of your transaction can be accurately reflected within the Note.

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Picture of Wraparound Mortgage Security Agreement | USA

Wraparound Mortgage Security Agreement | USA

Prepare a Wraparound Mortgage Security Agreement with this comprehensive ready-to-use template for US mortgages.

  • The wraparound mortgage (also called a piggyback mortgage) is a second mortgage with a face value of both the amount it secures and the balance due under the first mortgage on the subject property.
  • The wraparound mortgage is subordinate to the first mortgage.
  • The borrower makes payment to the new mortgagee (lender or seller) based on the face value of the wrap-around mortgage, and the new mortgagee in turn makes the monthly payments to the original mortgagee.
  • The borrower must ask permission of the mortgagee prior to making significant alterations to the mortgaged property.
  • Any agreement between the parties pursuant to the mortgage shall be superior to the rights of the holder of any intervening lien or encumbrance.
  • Any award or compensation payable pursuant to condemnation proceedings will be payable to the mortgagee.
  • Intended for use only in the United States. Individual States may have statutory forms which must be used instead.
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Picture of Wraparound Promissory Note | USA

Wraparound Promissory Note | USA

This template Promissory Note is part of a wraparound mortgage loan on a U.S. real estate property.

  • The wraparound note is secured by either a mortgage or deed of trust (this will depend on which state the property is located in). The template contains language for both.
  • A wraparound mortgage is a form of seller financing. The seller (holder of the note) continues to make the payments on the original underlying mortgage, and the buyer (borrower) will make payments under the Wraparound Note to the seller.
  • This template contains additional provisions as to how any prepayments will be applied, in the event that the buyer is allowed to prepay the balance of the Note.
  • The form can be in any State where wraparound mortgages are allowed by law.

To download the USA Wraparound Promissory Note, add it to your cart and pay for it over our secure checkout system.

$12.49
Picture of Wraparound Mortgage Rider | USA

Wraparound Mortgage Rider | USA

Designate a mortgage as a wraparound mortgage by attaching this USA Wraparound Mortgage Rider to the mortgage form.

  • The Rider clarifies that the new mortgage is subordinate to the original first mortgage on the property.
  • A wraparound mortgage is often used as a form of seller financing. It enables buyers who may not qualify for a conventional mortgage to purchase a home at a higher interest rate but with a smaller downpayment.
  • The mortgagor (buyer) will make payments under the new mortgage to the mortgagee (seller), who will continue to pay the original mortgage.
  • The seller has the same rights under a wraparound mortgage that a mortgage lender has under a conventional mortgage, including the right to foreclose.
  • This Rider can be used in any State in which wraparound mortgages are allowed by law.
  • This is a template legal form which can be customized to fit your circumstances.
$12.49
Picture of Promissory Note (Regular Payments, No Interest)

Promissory Note (Regular Payments, No Interest)

This promissory note template is made by a borrower to secure an interest-free loan to be repaid by regular payments.

  • The Promissory Note allows the borrower to repay the loan in monthly, weekly, or bi-weekly payments.
  • No interest will be charged on the outstanding loan balance. The borrower will only be repaying the principal amount.
  • This is a generic legal form which can be used anywhere.
  • You can download the form immediately after purchasing it.
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