Mortgage Agreement
From LawDepot Law Library
Definition of "Mortgage Agreement"
A Mortgage Agreement is a document where a mortgagor grants a mortgage interest in its property to a mortgagee (such as a bank) to secure a loan from the mortgagee. A mortgage is most often used to finance the purchase of property. Upon full payment of the loan, the mortgagee is required to execute a satisfaction of mortgage. In some jurisdictions, a deed of trust is used instead of a mortgage.
"Mortgage Agreement" is referred to in the following legal documents:
Real Estate Purchase Agreement
