Mortgage law is a complicated subject. This is why most people don’t know much about it, or how to navigate it with an attorney. This post is an attempt to clear up some of the confusion. A mortgage is a contract between two people in exchange for the use of a piece of property. The contract defines the terms, the use of which is the obligation to pay a certain sum of money in the future.
A mortgage is typically a document that establishes the terms under which a property is to be used and the interest rate on that use. This post is not about the legal aspects of the subject. Instead, we’re going to talk about how to get the best interest rate in your mortgage document.
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