Close
(0) items
You have no items in your shopping cart.
All Categories
    Filters
    Preferences
    Search

    Wraparound Mortgage for Condominium | Canada

    $29.99

    Place a wraparound mortgage on a condominium project under this template Canadian mortgage form.

    • The wraparound mortgage covers the entire condo project.
    • The loan includes the remaining balance of an existing first mortgage plus an additional amount requested by the mortgagor (borrower).
    • Full payments on both mortgages are made to the wrap around mortgagee (lender), who then forwards the payments for the first mortgage to the first mortgagee.
    • Interest is calculated and compounded monthly.
    • Property taxes are to be paid by the mortgagor in 12 equal monthly instalments.
    • The mortgagee may pay the taxes as they come due and charge interest at the mortgage rate on any debit balance in the tax account.
    • To access this legal form, add it to your cart and click the Checkout button to pay for the form. You can then download it.
    • Intended for use only in Canada.
    Download Type: Microsoft Word
    Last Updated: 25-May-2021
    SKU: 249
    Customers who bought this item also bought