29
June
Agreement to Mortgage Clause
A mortgage agreement is a legally binding document that outlines the terms and conditions of a loan secured by a property. One of the key clauses in such an agreement is the “agreement to mortgage” clause, which is crucial for both the borrower and the lender.
The agreement to mortgage clause is a provision in the mortgage agreement that states that the borrower agrees to allow the lender to take possession of the property if the borrower fails to repay the loan. It basically serves as a security for the lender