Mortgage documents are legally binding documents that are used to secure a loan for the purchase of a property. These documents typically include the mortgage agreement, promissory note, deed of trust, and other related documents. The mortgage agreement outlines the terms of the loan, including the interest rate, repayment schedule, and other details. The promissory note is a written promise to repay the loan according to the terms of the agreement. The deed of trust is a document that grants the lender a security interest in the property, allowing them to take possession of the property if the borrower defaults on the loan. Other documents may include an appraisal, title insurance, and other related documents.
