Products tagged with 'wraparound mortgage form'

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.