Home Financing Documents

Home financing documents are legal papers you sign when obtaining a mortgage to buy a home. They include the loan agreement, outlining your loan amount, interest rate, and repayment terms; the promissory note, which is your promise to repay the loan; and the security instrument (like a mortgage or deed of trust), giving the lender rights to your property if you fail to pay. Additional documents may cover disclosures, insurance requirements, and other specific terms. These documents establish the legal relationship between you and the lender, ensuring clear understanding of your obligations and protections for both parties.