mortgage document
Home loan contract
A mortgage document is the legal paperwork that establishes a loan secured by real property.
It specifies the terms of repayment, interest rate, and the lender's right to foreclose if the borrower defaults.
The phrase covers both the promissory note (the debt obligation) and the mortgage or deed of trust (the security instrument): We signed the mortgage documents at closing.
- deedWritten property conveyance
- lienClaim securing debt
- titleFormal honorific or name
- title insuranceCoverage against ownership defects
- escrowConditional third-party deposit
closing · closing costs · good faith estimate · down payment · notary · signature · borrower · lender · home loan · property · amortization · foreclosure · equity · collateral · promissory · refinance · principal · interest
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