Free Mortgage Agreement

Answer a few simple questions Print and download instantly It takes just 5 minutes

Create Your Free Mortgage Agreement

  1. Answer a few simple questions
  2. Email, download or print instantly
  3. Just takes 5 minutes

Mortgage Agreement

Landing


House
Apartment
Condo
Duplex
Mobile Home
Room
Townhouse
Other




Your Mortgage Agreement

Update Preview
This document preview is formatted to fit your mobile device. The formatting will change when printed or viewed on a desktop computer.
Mortgage Agreement Page of

Product is not offered in your jurisdiction.

Mortgage Agreement Information

Alternate Names:

  • Mortgage Contract
  • Mortgage Form

What is a Mortgage Agreement?

A Mortgage Agreement is a contract between a borrower (called the mortgagor) and the lender (called the mortgagee) where a lien is created on the property in order to secure repayment of the loan.

The Mortgage Agreement may also have a co-signer (called the guarantor) which is a person who is jointly responsible for the repayment of the loan should the mortgagor default on the loan payments. A guarantor is needed if the mortgagor's income situation means that they can't secure a loan on their own.

Do I need a Mortgage Agreement or Deed of Trust?

Some states require a Deed of Trust instead of a Mortgage Agreement. Contact your local county recorder to determine which document is used in your state. If you are in a state that uses both documents, you can inquire into which document is most commonly used.

What is included in a Mortgage Agreement?

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.

How long does the Mortgage Agreement last?

The Mortgage Agreement lasts until the maturity date specified in the document. The maturity date is when the final payment for the balance owing on the mortgage is due.

Related Documents:

  • Deed of Trust: A Deed of Trust is similar to a Mortgage Agreement in that it is a contract between the borrower and lender. Some states require a Deed of Trust instead of a Mortgage Agreement.
  • Loan Agreement: A Loan Agreement is a contract between a borrower and lender, where the borrower agrees to pay back a loan by a specified date or by following a specific payment schedule.
  • Real Estate Purchase Agreement: A Real Estate Purchase Agreement is used when a buyer wishes to purchase a seller's home.
  • Promissory Note: A Promissory Note is a simpler version of a Loan Agreement, and is generally used for straightforward loans and basic payment schedules.

Frequently Asked Questions:

Mortgage Agreement FAQ
Create your free Mortgage Agreement in 5-10 minutes
Know someone who needs a Mortgage Agreement? Pass it along:
This document preview is formatted to fit your mobile device. The formatting will change when printed or viewed on a desktop computer.
Loading ...
Loading ...

Note: Your initial answers are saved automatically when you preview your document.
This screen can be used to save additional copies of your answers.