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Commonly Asked Questions about Real Estate Financing Documents

A real estate sale involving financing typically contains at least three main documents; the loan agreement, a promissory note, and a mortgage instrument or deed of trust. In this lesson we will explain the details and purpose of each document.
A real estate sale involving financing typically contains at least three main documents; the loan agreement, a promissory note, and a mortgage instrument or deed of trust.
A mortgage involves two important legal documents: a promissory note and either a mortgage document or deed of trust.
A financial statement is an official document issued by a bank which proves there are sufficient funds in a bank account to pay for a schools tuition expenses and all living costs while enrolled in their program.
Finance document Facility agreements. Security documents (such as mortgages and charges). Guarantees and indemnities. Agreements appointing security trustees. Swaps and other derivative contracts. Priority and ranking agreements (such as intercreditor agreements). Drawdown requests. Fee letters.
Generally speaking, a mortgage is an official agreement between a lender and a homebuyer to use the property as security to buy a home. The type of document and requirements may vary by state or loan type. For example, in some states you may use a security deed and in other states a deed of trust.
Financial documents, also known as financial statements, are used for reporting financial information about a business, in a standardized format. Standard financial documents include a balance sheet, an income statement, and a cash flow statement.
Also known as a credit document. This term usually refers to the main documents in a financing transaction under which an obligor owes financial obligations to (or which otherwise create a liability in favour of) a lender (or lenders), agent, arranger or other secured party (for example, a swap counterparty).