This is a sample Borrower's Affidavit. A borrower's affidavit is a written statement provided at a loan closing where the loan is secured by the borrower's interest in real property. In the sworn affidavit, the borrower provides assurances regarding: The borrower's financial condition. The form may be customized to suit your needs.
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Interesting Questions
You can often get this affidavit from your lender or a legal professional. Just ask, and they can point you in the right direction, like a GPS for paperwork!
Once it’s signed, it’s usually set in stone. If you need changes, you’ll likely have to create a new one. It’s a bit like trying to erase ink from paper!
Not quite! A Borrower's Affidavit supports the mortgage agreement but isn’t the binding contract itself. It's like having the icing on the cake, but not the cake itself!