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Reconciliation in family law is the process by which parties who are legally separated resume their marital relationship and cohabitation.
The Mortgage Deed is the document that states that you and the lender have agreed to use the property as a security to protect the mortgage. The Deed contains information on the conditions of the mortgage, repayment schedule, length of the mortgage, mortgage rates, type of mortgage and security for the mortgage.
A Reconciliation Agreement is a written agreement you and your spouse prepare in an attempt to reconcile marital differences while acknowledging the possibility of divorce. The agreement sets out the rights and obligations of you and your spouse if divorce becomes an unfortunate reality.
A mortgage offer is a confirmation that your application for a mortgage has been checked and approved. You only get a mortgage offer letter once you've completed the mortgage application process. This includes providing your lender with all the necessary information about your finances and the property you want to buy.
Once your lender has approved the mortgage, your lender will make you a mortgage offer. The offer will explain the exact terms and conditions of the mortgage contract between you and the lender. The offer is binding on the lender,. You will then have a reflection period of seven days to consider the offer.