The Mortgage Agreement Template – Canada is offered in multiple formats, including PDF, Word, and Google Docs. These templates are both fully editable and easily printable, tailored to fit your specific requirements.
Mortgage Agreement Template – Canada Editable – PrintableSample
1. Parties Involved 2. Property Description 3. Loan Amount 4. Interest Rate 5. Loan Term 6. Payment Schedule 7. Late Payment Penalties 8. Prepayment Conditions 9. Default Conditions 10. Insurance Requirements 11. Governing Law 12. Signatures and Acceptance
PDF
WORD
Examples
[Borrower’s Name]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
[Lender’s Name]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
This Mortgage Agreement (“Agreement”) is made between [Borrower’s Name] and [Lender’s Name] outlining the terms and conditions for the loan securing the property located at [Property Address], starting on [Start Date].
The Lender agrees to loan the Borrower the sum of $[Loan Amount], which will be used for the purchase of the property described above.
The loan will incur an interest rate of [Interest Rate]% per annum, calculated on the remaining balance of the loan.
The total loan will be amortized over a period of [Amortization Period] years, with monthly payments due on the [Due Date] of each month.
The Borrower may prepay the loan in full or in part without penalty; however, written notice must be provided to the Lender at least [Notice Period] prior to intending to do so.
In the event of default in payment, the Lender reserves the right to initiate foreclosure proceedings on the property after providing the Borrower with [Notice Period] written notice of default.
This Agreement shall be governed by the laws of Canada and any applicable provincial regulations.
[Borrower’s Signature]
[Borrower’s Name]
[Lender’s Signature]
[Lender’s Name]
[Borrower’s Name]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
[Lender’s Name]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
This Mortgage Agreement establishes the terms under which [Borrower’s Name] will receive financing from [Lender’s Name] for purchasing the property located at [Property Address].
The total loan amount will be $[Loan Amount], fully secured by the property mentioned above.
The annual interest rate applicable to the loan will be [Interest Rate]%, compounded [Compounding Frequency].
The Borrower will make monthly payments of $[Monthly Payment Amount] until the loan is paid in full, or as per any revised schedule agreed upon by both parties.
The Borrower is responsible for maintaining hazard insurance on the property, and proof of such insurance must be provided to the Lender annually.
The Lender may assign or transfer its rights and obligations under this Agreement to any other party after providing written notice to the Borrower.
This Agreement will be governed by the laws of the Province of [Province Name] and applicable federal laws of Canada.
[Borrower’s Signature]
[Borrower’s Name]
[Lender’s Signature]
[Lender’s Name]
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