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Alberta Standard Charge Fixed Rate Mortgage
Prepare a Standard Charge Fixed Rate Closed Term Mortgage for the Province of Alberta with this ready-made template.
Provisions of the Mortgage include:
- early renewal privileges, i.e. the mortgage may be renewed on any installment payment date,
- interest will be calculated half-yearly, not in advance,
- the mortgage lender may elect to pay the property taxes when they come due, or elect to have the borrower (mortgagor) pay the taxes,
- all payments will be applied first to taxes and life insurance (if applicable), then to interest, then to principal, and then to any other moneys owing,
- optional provisions for a leasehold mortgage.
This Alberta Standard Charge Fixed Rate Mortgage template is available in MS Word format, and is completely customizable to fit your business needs.
Download: Alberta Standard Charge Fixed Rate Mortgage
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