Products tagged with 'maine mortgage form'
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Maine Fixed Rate Mortgage Note
A promissory note is part of every mortgage transaction. Fill in the details and have the borrower sign this Fixed Rate Mortgage Note for the State of Maine.
- The terms of the Note require the borrower to repay the loan by making monthly payments of principal and accrued interest.
- If on the maturity date there remains any amount outstanding, the borrower will pay the balance in full at that time.
- As the note holder, you (the lender) have the right to demand repayment of the entire outstanding balance of the loan, plus interest, if the borrower defaults in making payments.
- This is an easy-to-use legal form template drafted in plain English in accordance with the Maine plain language law.
- To download the Fixed Rate Mortgage Note, add it to your cart and pay for it. You'll have instant access to the form.
$6.29
Maine Contract for Deed
If you are selling a real estate property in Maine, you can assist the buyer by carrying part or all of the purchase price with this Contract for Deed (or land installment contract).
- Under the terms of this Contract, the seller effectively becomes the mortgage lender for the balance of the purchase money.
- Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.
- The seller has the right to take back the property if the buyer defaults in payment.
- At the seller's option, the balance can be repaid by monthly payments with or without interest until paid, or monthly payments with interest for a fixed number of payments with a balloon payment at the end to pay out the balance.
- This Contract for Deed form is available in MS Word format and is fully editable to fit your exact circumstances.
- Intended to be used only in the State of Maine.
$17.99