Is it a commercial loan to a commercial entity? If you don`t add it to the mortgage, this is probably the right way to complete the transaction. I say probably because I am not aware of the law of the state of the NM and what are your specific requirements with respect to things like dowry and residency rights. If it is a commercial loan secured by 1-4 family properties, I would have the woman sign the good practice the mortgage and a deposit contract with third parties. In the case of a home loan, the only documents next to the mortgage that I have signed are the documents relating to the property, that is, the mechanic`s sworn insurance or the title documents and, of course, a right of withdrawal when refinancing the main residence. I have never signed a contract with a third party for a home loan. Your credit granting document (mortgage or mortgage) probably contains all the languages that should be available. 3rd party commitments or mortgage contracts are a thing of the past 🙂 It is a commercial loan to an individual DBA. The deed of ownership is in the name of the borrower and his wife. The credit application is only for him. If it is an entrepreneur, it is enough for the woman to sign the mortgage and accept Lean. I have a credit application for a borrower A (male) who will use real estate as collateral. According to Lender, the property is and will remain in his name and in the name of his wife.
I told our central credit processing department that it should be added as a licensor for the mortgage. But my question is: should a 3rd pledge be created and signed by the woman? or is there another supporting document that needs to be prepared?. . . .