Where can the terms and conditions for repaying borrowed money for a house typically be found?

The terms and conditions for repaying borrowed money for a house are typically found in the promissory note. The promissory note serves as a legally binding document wherein the borrower agrees to repay the lender under specified terms. This includes details such as the interest rate, payment amounts, frequency of payments, and the consequences of default.

While the mortgage agreement does outline the security interest the lender has in the property, it does not provide the specific repayment terms in the same way that a promissory note does. The closing disclosure, on the other hand, summarizes the financial terms of the transaction and provides an overview of costs involved but does not contain the detailed repayment terms. Lastly, the title report focuses on the ownership and condition of the property rather than the financial aspects of how money is to be repaid. Thus, the promissory note is the most appropriate document for finding the terms of repayment for borrowed money in a real estate transaction.