Mortgage Agreement₹ 399.00*
The mortgage agreement is a legal document after it has been executed on the e stamp paper and duly signed by both parties. The mortgagee, who is also called as lender, will have a legal right on the mortgaged property. The mortgagor, who is also called as borrower, pledges his property as a security against his loan. The mortgage agreement gives the lender’s possession on the property and also rights to realize the due amount if the borrower defaults on payment. Mortgage is the most common practice especially when you want to secure a home loan from any banks or financial institutions. In case of default, the lender can auction / sell the property and recover their dues and after taking in principal, interest, and any excess amount from the sale of the property will be returned back to owner of the property.
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Terms and Condition
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