mortgage deed (Meaning)
Wordnet
mortgage deed (n)
deed embodying a mortgage
Synonyms & Antonyms of mortgage deed
No Synonyms and anytonyms found
mortgage deed Sentence Examples
- The mortgage deed secured the loan used to purchase the property.
- Upon signing the mortgage deed, the borrower became obligated to repay the loan and interest.
- The mortgage deed outlines the terms and conditions of the loan, including the amount borrowed, the interest rate, and the repayment schedule.
- The lender holds the original mortgage deed until the loan is fully repaid.
- A mortgage deed is a legal document that creates a lien against the property being used as collateral for the loan.
- Refinancing an existing mortgage often involves replacing the old mortgage deed with a new one.
- Defaulting on a mortgage can lead to foreclosure, which involves the sale of the property to satisfy the unpaid portion of the mortgage deed.
- The mortgage deed should be reviewed carefully before signing to ensure that the borrower fully understands their obligations.
- In some jurisdictions, a mortgage deed can also be referred to as a trust deed.
- The mortgage deed must be properly recorded with the appropriate county or government agency to establish a valid lien against the property.
FAQs About the word mortgage deed
deed embodying a mortgage
No synonyms found.
No antonyms found.
The mortgage deed secured the loan used to purchase the property.
Upon signing the mortgage deed, the borrower became obligated to repay the loan and interest.
The mortgage deed outlines the terms and conditions of the loan, including the amount borrowed, the interest rate, and the repayment schedule.
The lender holds the original mortgage deed until the loan is fully repaid.
