What is Mortgage Agreement?
A legal instrument in which the owner pledges his/her/its title to real property to a lender as security for a loan described in a promissory note. A purchase-money mortgage is one given by a purchaser to a seller of real property as partial payment at the closing of the sale.
Related Contracts Terms
Pass the Bar, Guaranteed
BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).