Canada Mortgage Forms

Assign a mortgage to another mortgagee with this free Alberta Assignment of Mortgage form.

• The current mortgage lender assigns the mortgage loan to a third party (for instance, another lender who is taking over the assets of the existing lender).
• This is a free form available in MS Word format.
• Intended for use only in the Province of Alberta, Canada.

Use this template Collateral Mortgage and Promissory Note for credit facilities in Alberta.

• A collateral mortgage can be used to secure a line of credit, a revolving loan, or other credit facility where the balance owing changes from time to time.
• The borrower is responsible for insuring, repairing, and maintaining the mortgaged property and for paying all taxes and assessments.
• The lender is appointed as the borrower's attorney (agent) for the purpose of recovering any insurance proceeds with respect to the property.
• The lender has power of attorney to sell, lease or encumber the property if the borrower defaults in its obligations.
• The full balance owing is immediately payable if the borrower sells the property or, if the borrower is a corporation, there is a change in control.
• This is a downloadable legal template in MS Word format.
• Intended for use in the Province of Alberta, Canada.

If you are placing a mortgage on a commercial building with tenants in Alberta, you must provide the tenants with a signed Non-Disturbance Agreement.

• A non-disturbance agreement is used when a landlord is using the building as security for a loan or other debt.
• The commercial tenants are given a measure of comfort by having the mortgage lender sign the agreement.
• The mortgage lender agrees that if the landlord defaults on the mortgage and the property is foreclosed upon, the tenants will continue to occupy the premises undisturbed, provided that they are not in default under the lease.
• This Agreement is governed by the laws of the Province of Alberta, Canada.
• Available in MS Word format.

Secure a loan with real estate under the terms of this Standard Charge Fixed Rate Closed Term Mortgage for Alberta.

• Renewal. Early renewal privileges, i.e. the mortgage may be renewed on any installment payment date.
• Interest. Interest will be calculated half-yearly, not in advance.
• Property Taxes. The mortgage lender may elect to pay the property taxes when they come due, or elect to have the borrower (mortgagor) pay the taxes.
• Application of Payments. 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.
• Leasehold. Optional provisions for a leasehold mortgage.

Never lend large sums of money without adequate security. Download this Alberta fixed rate mortgage form immediately after you purchase it.

Have you found a buyer for your property who can't qualify for a mortgage? Lend them the amount they need with this Vendor Take-Back Mortgage for Alberta real estate properties.

• A vendor take-back mortgage (also known as a 'purchase money mortgage') is often used for real estate transactions between family members.
• The seller (vendor) agrees to carry all or part of the purchase price for the real estate and the buyer will make regular payments to the seller, just as with a regular mortgage.
• The seller has the right to take back the property if the buyer fails to make the payments or meet its other obligations under the mortgage.
• A Vendor Take-back Mortgage is an alternative method of financing a real estate purchase that allows buyers who cannot get a conventional mortgage a chance to own a home.
• This legal document is intended solely for use in the Province of Alberta, Canada.

Canadian mortgage lenders, prepare a Balloon Mortgage Promissory Note with this downloadable template.

• The borrower agrees to make monthly payments against the secured amount, until the date of the final payment.
• The final payment will be a balloon payment in full of the entire balance of principal and interest outstanding at the maturity date.
• The Note is secured by a mortgage on the borrower's property.
• This Canada Balloon Mortgage Promissory Note template is in MS Word format and is easy to download, edit and print.

Canadian mortgage lenders require mortgagors to provide a Declaration of Occupancy as part of the documentation for a residential mortgage loan.

• The purchasers declare that they do or will occupy the property as their principal residence and will not turn it into a rental property.
• The mortgage lender will require this Declaration as evidence that the purchasers plan to live on the property, as a condition of granting the mortgage.
• This form can be used in any Canadian province or territory.
• This is a free digital download.

Authorize a Canadian business corporation to purchase a mortgage with this template Directors Resolution form.

• The Board of Directors of the corporation approve the purchase of a mortgage from a third party mortgagee.
• This template can be used for federal corporations or for companies incorporated in any province which has a Business Corporations Act. A different form may be required for Quebec.
• This is a downloadable MS Word template.

Prepare a Directors Resolution for a Canadian corporation approving the sale of a mortgage with this free downloadable form.

• The Board of Directors authorizes the sale of a mortgage held as security by the corporation.
• This template can be customized for use under either federal or provincial Business Corporations Act legislation.
• This Canada Directors Resolution to Approve Sale of Mortgage form is in MS Word format.

Before a Canadian corporation can grant a mortgage to a lender, the Board of Directors must pass these resolutions to approve the action.

• The directors authorize the corporation to mortgage certain property to a lender as security for a loan, an operating line or other amounts advanced by the lender to the corporation.
• This downloadable template can be used by corporations incorporated under the Canada Business Corporations Act or under any provincial Business Corporations Act.
• A French language translation may be required for use in Quebec.
• The Directors Resolution to Grant Mortgage form for Canada is a fully editable and easy-to-use MS Word template.