Which of the following is a requirement for a valid mortgage?

A valid mortgage requires several key components to be legally binding and enforceable. Among these, the agreement on terms and conditions is crucial, as it establishes the specifics of the loan, including the amount borrowed, interest rate, and repayment schedule. This clarity ensures that both the lender and borrower understand their obligations.

Additionally, the signatures of all parties involved are essential for a mortgage to be valid. The signatures serve as a formal acknowledgment of the transaction, demonstrating that both parties consent to the terms laid out in the mortgage agreement. Without proper signatures, the document may be rendered unenforceable.

While a home inspection can be beneficial in assessing the property's condition and value, it is not a necessary legal requirement for a mortgage to be valid. Therefore, focusing on the agreement of terms and the required signatures highlights the fundamental legal acknowledgments necessary for the validity of the mortgage.

In summary, a valid mortgage hinges primarily on the agreement between the parties on specific terms and the signatures confirming that agreement.