Common Contracts
1 similar Loan Agreement contracts
How to write a car payment contractLoan Agreement • August 7th, 2021
The mortgage contract is a legally binding document between a borrower and lender that identifies what the mortgage is for, how the proceeds will be used and what rights the borrower and lender have. Lenders and real estate brokers typically draft this mortgage contract during the property sale process and can modify certain sections as they apply to their firm's or business's policies. Write the title. Begin the document with the official title, "Loan Agreement" and the current date. Then state who the loan agreement is between; list the borrowers' first with their middle and last names, followed by the lender. Indicate each party with the designation "Borrower" and "Lender" after each name. Create Article 1: Definitions. This section lists all of the defined terms used in the mortgage contract. Here you will specify what real estate terms and lender terminology mean, such as: Access Laws, Allocated Loan Amount, Affiliate, Deposit, and Default Rate. These terms will vary significantly
