To help you, here`s an overview of typical mortgage documents and some tips on what to look out for – keep in mind that each lender has their own versions of this document, so it`s for illustrative purposes only. Many homebuyers are shocked to learn that they can cancel their home insurance if they make changes or renovations to their home without first notifying the insurance company and usually paying an additional premium. But did you know that you can also cancel your mortgage agreement — and ask a lender to call back and cancel the loan — if you get a mortgage and don`t disclose the planned construction, modifications, or renovations to the home? Read your mortgage agreement carefully to see exactly what needs to be disclosed. Confirm receipt of the original mortgage once you receive it in the mail.