mortgage note


Note that offers a mortgage as proof of a debt and describes the terms under which the mortgage is to be repaid.

Use mortgage note in a sentence

The mortgage note was signed by the individual which indicated their full understanding and agreement to the terms that are non-negotiable.

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I thought my interest rate on my mortgage was high, until a friend of mine showed me their mortgage note, I'm glad my interest rate isn't as high; their payments are outrageous.

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They fell in love with the house and decided to put an offer in on it. Luckily it was accepted, now all they needed to do was finalize their mortgage note with the bank.

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note rate total principal balance