Document background
The Joint Mortgage Agreement is commonly used when multiple parties wish to share responsibility for a mortgage loan in the United States. This arrangement is particularly common among married couples, domestic partners, or family members purchasing property together. The agreement specifies each borrower's rights and responsibilities, including payment obligations, property maintenance requirements, and consequences of default. It must comply with federal regulations including TILA, RESPA, and ECOA, as well as state-specific property and lending laws. The document provides crucial protection for all parties by clearly defining their roles and obligations in the mortgage arrangement.
