mortgage documents

Mortgage documents are legal agreements between a borrower and a lender that outline the terms of borrowing money to buy a home. They include details like the loan amount, interest rate, repayment schedule, and due dates. One key document is the mortgage itself, which pledges your property as collateral, meaning if you don’t repay, the lender can take possession of the home through a process called foreclosure. These documents also detail your rights and responsibilities, the costs involved, and conditions for early repayment or refinancing. They serve to protect both parties and ensure clear understanding of the loan terms.