Mortgage Deed

Mortgage deed, also known as a mortgage agreement, is a legal document that grants a security interest in a piece of property to the borrower and the lender. In exchange for the borrower giving the lender a lien on the property, the lender provides the borrower with a loan for a predetermined amount of money to purchase the property. The terms and conditions of the loan are outlined in a loan agreement or promissory note, which is connected to the agreement.