A borrower expresses concern that once he signs all the documents he will be stuck with a second mortgage. a good response by a notary signing agent could be to

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18-07-2022
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A borrower expresses concern that once he signs all the documents he will be stuck with a second mortgage. a good response by a notary signing agent could be to

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-07-19T17:39:17+02:00

Good response by a notary signing agent could be to "A Notary Signing Agent could do well to respond by giving the Borrower the Lender's contact details and recommending that he make an instant phone call to the Lender before proceeding with the Signing." This is further explained below.

What is Borrower?

Generally, The act of temporarily retaining another person's property with the goal of restoring it to its rightful owner.

In conclusion, A borrower worries that he will be "trapped" with a second mortgage if he signs all the paperwork required to get one. A Notary Signing Agent could do well to respond by giving the Borrower the Lender's contact details and recommending that he make an instant phone call to the Lender before proceeding with the Signing.