Mortgage Deed Template With Calculator

State:
Florida
Control #:
FL-ED1002
Format:
Word; 
Rich Text
Instant download

Description

The Mortgage Deed template with calculator is a crucial document for individuals and entities engaging in real estate transactions. This form outlines the agreement between the Mortgagor and Mortgagee, detailing the terms under which property is mortgaged as security for a loan. Key features include provisions for payment of interest and principal, tax obligations, and requirements for property insurance. The integrated calculator within the template aids users in determining loan amounts and associated costs, ensuring transparency and accuracy in financial planning. Filling out the form involves entering personal details, loan amounts, and property descriptions, while legal assistants and paralegals can guide users through this process effectively. This form is particularly useful for attorneys and associates who need to prepare documentation for clients seeking to secure loans against property while maintaining compliance with legal standards. The instructional language is designed to be clear and accessible to users with varying levels of legal experience. Additionally, the template supports effective communication of rights and responsibilities between parties involved in a mortgage agreement.
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  • Preview Mortgage Deed from Individual
  • Preview Mortgage Deed from Individual
  • Preview Mortgage Deed from Individual
  • Preview Mortgage Deed from Individual

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FAQ

Tax Rate. In all Florida counties except Miami-Dade, the tax rate imposed on documents subject to tax is 70 cents on each $100 or portion thereof of the total consideration.

It may be different from the purchase-sale value. The mortgage value is the reference value used when applying for and arranging the mortgage and it constitutes the Bank's guarantee. The mortgage value will determine how much the Bank will lend for the transaction.

A mortgage is a temporary transfer of property in order to secure a loan of money. The person who owns the land is the 'mortgagor'. The person lending the money is the 'mortgagee'.

Tax Rate. In all Florida counties except Miami-Dade, the tax rate imposed on documents subject to tax is 70 cents on each $100 or portion thereof of the total consideration.

You can calculate your total interest by using this formula: Principal loan amount x interest rate x loan term = interest.

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Mortgage Deed Template With Calculator