A Mortgage Agreement includes the mortgagor's and mortgagee's contact details, information regarding the property, and any additional clauses that the mortgagor must adhere to during the Mortgage Agreement.
In addition, the Mortgage Agreement contains the amount of money lent to the mortgagor by the mortgagee (called the principal), as well as any matters relating to payment, including interest rate, due dates, and prepayment.