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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
Florida Fixed Rate Mortgage Note
If you're funding a loan to a friend or family member which will be secured by a mortgage, you will also need to have them sign this Fixed Rate Promissory Note for Florida.
- The Note provides for equal monthly payments of principal and interest up until the maturity date, at which time any unpaid balance will be paid in full.
- The borrower agrees to pay a late charge on any payment that is not made when it is due.
- There is an acceleration clause which stipulates that if the borrower is in default under the note, the note holder has the option to demand repayment of the entire outstanding balance of principal and interest in 30 days.
- The Florida Fixed Rate Mortgage Note is a downloadable MS Word template. Convenient and easy to use.
$6.29