Canada Fixed Rate Closed Term Mortgage

Prepare a Fixed Rate Closed Term Mortgage with this template form for Canada, which can be customized for use in most Canadian provinces.

Standard provisions of the mortgage include:

• Equal monthly payments of blended principal and interest (and taxes, if the lender requires).
• On default, the lender has the right to take possession of the property by distress warrant or by foreclosing on the property.
• The lender has the right to bring legal action to recover mortgage arrears and costs, plus interest and any other amounts owing.

This Canada Fixed Rate Closed Term Mortgage is a MS Word document, and is fully editable.