Mortgage Instructions refer to a set of documents that the bank sends to the borrower’s lawyer to complete the mortgage work.  In an institutional mortgage transaction, the borrower’s lawyer usually also acts for the bank. In the mortgage instructions, the

Ideally, your lawyer should receive your mortgage instructions five business days before your closing so there is enough time to prepare the mortgage documents, get them signed, submit the request for funds and obtain home insurance. Most banks require the

Collateral Mortgages typically have a registered principal amount and interest rate that are higher than the agreed upon principal and interest. In other words, the bank will register the mortgage in a higher amount with a higher interest rate. For