Real Estate Financing Agreements

Real Estate Financing Agreements are legal contracts that outline the terms under which a buyer borrows money to purchase property. These agreements specify the loan amount, interest rate, repayment schedule, and any collateral—usually the property itself. They ensure that both the lender and borrower understand their rights and obligations. In a real estate transaction, these agreements are crucial as they define how the buyer will finance the purchase, helping to secure the needed funds while protecting the lender's investment.