Products tagged with 'michigan mortgage form'
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Michigan Residential Mortgage
Secure a loan on a residential single-family home in Michigan with this fixed rate mortgage template.
- The mortgage form contains the standard uniform covenants under federal mortgage lending regulations.
- It also contains additional provisions required by Michigan laws, including acceleration and sale clauses, and release and discharge of the mortgage by the lender when it is paid in full.
- The mortgage secures repayment of the loan in conjunction with a promissory note signed by the borrower.
- This standard form legal template is downloadable and reusable.
- The form is available in MS Word format.
- Intended for use only in the State of Michigan.
$17.99
Michigan Contract for Deed
If you are selling a real estate property in Michigan, you can assist the buyer by carrying part or all of the purchase price with this Contract for Deed (or purchase money mortgage).
- 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 Michigan.
$17.99
