Picture of Michigan Residential Mortgage Picture of Michigan Residential Mortgage Picture of Michigan Residential Mortgage Picture of Michigan Residential Mortgage Picture of Michigan Residential Mortgage

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.
Document Type: Microsoft Word
Last Updated: 15-December-2024
SKU: 1861
$17.99
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Picture of Michigan Contract for Deed

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.
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Picture of Michigan Seller's Disclosure Statement

Michigan Seller's Disclosure Statement

When you sell a property in Michigan, you must provide the buyer with a completed Seller's Disclosure Statement.

  • This is required under the Michigan Seller Disclosure Act.
  • As the seller, you must disclose the current condition of the property, including the appliances, built-in systems, basement, roof, HVAC, plumbing, electrical, and insulation.
  • You must also disclose whether there are any environmental, flood, or pest problems.
  • This form is required in all real estate sales, whether done through a real estate agent or by 'For Sale by Owner'.
  • Available in MS Word format.
  • Intended to be used only in the State of Michigan.
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Picture of Plain Language Promissory Note | USA

Plain Language Promissory Note | USA

USA lenders, secure repayment of a loan with this Plain Language Promissory Note.

  • The Promissory Note form is drafted in language that is clear, concise, and easy for a borrower to understand.
  • The principal and interest are to be repaid by a series of equal monthly installment payments.
  • Any amount of principal and/or interest not paid on time bears late charges calculated as a percentage of the overdue payment amount.
  • The template is not State-specific and can used anywhere in the United States.
  • This is a downloadable and customizable legal form template in MS Word format.
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