What is a Mortgage and Note?


Answer


The Mortgage is a document that places a lien on the property as security for the loan. The Note is a document representing your promise to pay the Mortgage. Both documents will state the premises, the amount of the loan, the interest rate and the monthly payment amount which you can always refer to for future reference. If you are interested in purchasing or selling a home, or if you have any related questions call us today at (973) 500-8024 or (212) 960-8308, or submit your contact information below and we can contact you directly.


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