Canada Mortgage Forms

Prepare a Participating Mortgage for a loan on a condominium project in Canada with this template form.

• A participating mortgage is a loan under which the lender (Mortgagee) participates in the revenues of the property.
• A portion of the interest on the loan is to be paid to the Mortgagee annually.
• A further portion of the interest will be paid from the balance of sale proceeds of each of the condo units (if any), after payment of development costs, financing charges and marketing costs.
• The borrower (Mortgagor) will be paid a general and administrative fee for construction and management of the project.
• A further project expense consisting of interest on the equity is to be paid to the developer.
• After one year, the Mortgagor can prepay all or part of the mortgage loan without bonus or penalty.
• Available in MS Word format.
• Intended to be used in Canada.

If you are lending a large sum of money to a borrower, secure repayment of that loan with this Saskatchewan Mortgage which can be registered against the borrower's property.

• The borrower will repay the loan in regular instalment payments of blended principal and interest.
• The borrower must keep the property insured.
• The borrower releases all of its claim to the land to the lender until the mortgage has been repaid in full, however, the borrower may continue to remain in possession of the land so long as not in default under the terms of the mortgage.
• Interest is calculated half-yearly and is not payable in advance (meaning that it must be earned before it is payable).
• The borrower has the privilege of renewing the mortgage on any instalment payment date during the original term.
• The mortgage contains the required affidavits and consents under the Saskatchewan Homesteads Act, 1989.

Holding a mortgage is a good way to ensure that a debt is repaid. Add the Saskatchewan Mortgage to your shopping cart, check out, and download the form.

Download this free Statement of Amount Owing on Mortgage for Canadian mortgage lenders.

• This form is typically used when a mortgaged property is being sold and the mortgage is being paid out from the sale proceeds.
• The Statement sets out the principal and interest amounts owing up to the date of the statement, with a per diem thereafter, and the terms of repayment.
• This is a free downloadable MS Word document.
• Intended for use only in Canada.