Navigating through the mortgage process is not as exciting as the feeling of finding a new home. There are mounds and mounds of papers to sign in order to close the deal. However, in this process, a notary agent sounds like a helpmeet that makes the process super smooth and secures your transactions. They serve as a neutral third party who verifies the authenticity of your signature and protects your paperwork from forging.

If you are applying for a mortgage, the following are the papers that you’ll need a notary for mortgage documents to get legal.

1. Mortgage

A mortgage is a document that protects the lender if the borrower refuses to pay the loan. It is an undertaking by a borrower that they will relinquish their claim to the property if the borrower cannot pay the debt in full. To record a mortgage, the original document must be signed and notarized. Without notarization, the mortgage can’t be recorded and supposed to be invalid.

2. Deed of trust

It is an agreement between a lender and a borrower to give the property to a neutral 3rd party (a trustee). It is one of the most important documents in the mortgage loan package that needs to be signed by the borrower, lender and a trustee and then to be notarized by a notary public.

3. Subordination agreement

This document acknowledges that one party’s claim or interest is inferior (junior) to that of the other party or parties. This agreement needs to be signed by the lender and the borrower and requires notarization.

4. Signature affidavit

Signature Affidavit is a document in which a person certifies that the signature provided is the true and correct signature used by the person. And of course, this has to be processed by a notary agent.

5. Affidavit of owner occupancy

It is a verification that the borrower will use the property as his primary residence that needs to be signed and notarized.

Conclusion:

Loan documents are very sensitive pieces of paper that demand extra attention to detail when completing. Therefore, it is essential to have a notary that is familiar to the process, otherwise, you could be facing delays and frustration. Kelley’s mobile notary service has a team of experienced professionals that offer high-quality and smooth notary public mobile services at competitive prices. Be sure to get in touch with them.