Securing a Real Estate Mortgage: The Basics

Securing a Real Estate Mortgage: The Basics somebody

A "real estate mortgage" is a loan that is "secured" by a property. This means that the person owning the property (the "mortgagor") must sign a "promissory note" and a "mortgage" in order for the loan to be approved.


These are questions that the above text answers:

1. What is a real estate mortgage?
2. How is a real estate mortgage secured?
3. What documents must the mortgagor sign for a loan to be approved?
4. What is a promissory note?
5. Who is responsible for signing the promissory note and mortgage?
6. What is the purpose of securing a real estate mortgage?
7. What does it mean for a loan to be "secured" by a property?
8. What is the role of the mortgagor in the loan approval process?
9. What are the basics of securing a real estate mortgage?
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