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Standard Btl Mortgage Deed Example Form

Standard Btl Mortgage Deed Example Form

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i'm supposed to sign a mortgage at my closing what is that hi mark styles of styles law down here at studio b so you're getting ready to close whether it's a refinance or a purchase and one of the documents that will be asked to be signed is the mortgage what is that well we talked about the promissory note the promissory note is the agreement between you and the bank the bank agrees to lend you money you agree to pay it back at a certain interest rate but what if you don't well the bank would have to sue you now if they had a security instrument then they wouldn't have to and they could redeem through that instrument and that's why this document is so so very important to the lender it's a security instrument the mortgage acts as a security instrument your deed will go on record providing proof of ownership but then you will grant voluntarily a lien on your property a voluntary lien if you will and that's what the mortgag

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