What does mortgage note mean?
Definitions for mortgage note
mort·gage note
This dictionary definitions page includes all the possible meanings, example usage and translations of the word mortgage note.
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Wikipedia
Mortgage note
In the United States, a mortgage note (also known as a real estate lien note, borrower's note) is a promissory note secured by a specified mortgage loan. Mortgage notes are a written promise to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise. While the mortgage deed or contract itself hypothecates or imposes a lien on the title to real property as security for a loan, the mortgage note states the amount of debt and the rate of interest, and obligates the borrower, who signs the note, personally responsible for repayment. In foreclosure proceedings in certain jurisdictions, borrowers may require the foreclosing party to produce the note as evidence that they are the true owners of the debt.
Numerology
Chaldean Numerology
The numerical value of mortgage note in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of mortgage note in Pythagorean Numerology is: 5
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"mortgage note." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/mortgage+note>.
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