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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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.
$2.29

Promissory Note for Interest Only

Secure the repayment of a loan with this Promissory Note form for interest payments only.

  • The Note allows the borrower to make payments against interest only, with no payment to be made against the principal amount until a date set out in the Note.
  • Interest payments are made in arrears, on regularly scheduled payment dates.
  • The borrower can repay the principal amount of the loan at any time without having to pay a prepayment penalty.
  • This Promissory Note for Interest Only template is generic (not country specific) and is easy to fill in with all the specifics of your transaction.
$2.49

Ohio Residential Mortgage Form

Write up a Residential Mortgage to secure repayment of a home purchase loan with this fully editable template for Ohio mortgage lenders.

  • Mortgage payments will be made in regular periodic instalments of blended principal and interest.
  • Unpaid interest becomes part of the principal and bears interest at the mortgage rate.
  • The mortgagor must pay all taxes and levies assessed against the property.
  • The mortgagor must keep the property insured in an amount and to an extent approved by the mortgagee.
  • Contains an acceleration upon default provision, which states that if the mortgagor defaults in any of its obligations, the entire amount of the indebtedness will become immediately due and payable, and the lender may foreclose and sell the property.
  • Available as a downloadable MS Word template.
  • Intended to be used only in the State of Ohio.
$19.99

Promissory Note for Interest Only | USA

Secure the repayment of a loan with this USA Promissory Note for Interest Only.

  • This form of Note allows the borrower to make payments against interest only, with no principal to be repaid until the date specified in the Note.
  • Interest payments are made in arrears, at regularly scheduled dates.
  • Principal may be repaid at any time without a penalty (fee) being charged.
  • This USA Promissory Note for Interest Only template is in MS Word format, and can be edited as necessary to include all the specifics of your transaction.
$2.29

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.
$29.99