The mortgage agreement template is a pledge by a borrower that they will relinquish their claim to the property if they cannot pay their loan. Usually, it is an unusual or peculiar type of agreement but worth tough legitimate rights. This agreement is generally used by financial institutions that allow individuals to borrow money on certain conditions. The mortgage agreement template is a tenacious sort of legal document that is signed by the borrower and the lender under the policy statements of banks and other financial institutes who are willing to give them the loan. Moreover, it is a very important agreement that has worthwhile tough legitimate rights which are mostly used by financial institutions. It often permits the mortgagor to take physical ownership of the house after paying the loan. Once the mortgagor fails on the terms of the loan, then the mortgagee has the legal right to take back the ownership. What is the Role of a Mortgage Agreement? The mortgage agreement is not as simple as it looks like because it passes on the rights of property to the hands of one who lends money or gives a loan. Normally, a bank can sell the holdings or