mortgage note

mortgage note
A name used to describe a promissory note that is secured by an interest in real property. Mortgage notes generally, but not always, call for mostly regular, periodic payments of principal and interest. American Banker Glossary

Financial and business terms. 2012.

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  • note — 1. verb To make a brief written statement; to erjtera memorandum, as to note an exception 2. noun An instrument containing an express and absolute promise of signer (i.e. maker) to pay to a specified person or order, or bearer, a definite sum of… …   Black's law dictionary

  • note — 1. verb To make a brief written statement; to erjtera memorandum, as to note an exception 2. noun An instrument containing an express and absolute promise of signer (i.e. maker) to pay to a specified person or order, or bearer, a definite sum of… …   Black's law dictionary

  • Mortgage fraud — is crime in which the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger loan than would have been obtained had the lender or borrower known the truth. In United States… …   Wikipedia

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