select the best description of the mortgage note. chegg

Select the best description of the mortgage note. Select the best description of the mortgage note Weegy.

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. Search for an answer or ask Weegy. This answer has been confirmed as correct and helpful. It commits you to paying your loan It lists all costs associated with your loan Expert Answer The mortgage notes is a promissory note that written promises to pay a sp.

It is a legal document that is signed by both the lender and the borrower. We are affiliated for the products we recommend and receive compensation from the companies whose products we recommend on this site. A mortgage note is a promissory note promising to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise.

A mortgage note is a legal contract between the borrower the lender and any cosigners who sign-on. A mortgage note is a note promising to repay a stipulated amount of money as well as interest incurred at a stipulated rate at an agreed time in order to live up to the terms of the promise The mortgage note outlines the debt and the interest rate and requires the borrower that is the signatory to the note individually responsible for the repayment of the mortgage. Added 271 days ago7292021 24934 PM.

Equipment with an estimated market value of 30000 is offered for sale at 45000. A legal document by which the owner ie the buyer transfers to the lender an interest in real estate to secure the repayment of a debt evidenced by a mortgage note. The best section of the mortgage note is that it is having a written promise to repay a specified sum of money along with interest at a specified rate of interest and duration of time to fulfill the promise.

A mortgage note is similar to a promissory note. The Note is a written promise to pay a sum of money at a stated interest rate during a specified term. For their face amount or at a price of 100.

Which one of this documents itemizes the closing cost and explains the terms of your loan. Select the best description of the mortgage note. Log in for more information.

A mortgage note is a note promising to repay a stipulated amount of money as well as interest incurred at a stipulated rate at an agreed time in order to live up to the terms of the promise. One of the most important features of a filing and record keeping system is that it works for you and meets your needs. Select the best description of the mortgage note framework.

Experts are tested by Chegg as specialists in their subject area. This answer has been confirmed as correct and helpful. Select the best description of the mortgage note.

The mortgage note includes interest rates terms of loans due dates of the loan penalties and fees and other terms and conditions. There are no new answers. Select the Best Description of the Mortgage Note.

It can also be described as a financial document of a loan agreement used to purchase property. It commits you to paying your loan It lists all costs associated with your loan. When you are a borrower you must understand the mortgage note.

It commits you to paying your loan is the best description of the mortgage note. A promissory note can be made for different types of loans such as personal commercial and real estate. It shapes the relationship between all parties outlining the ownership of the property the interest rate and all other details that may impact the.

A promissory note is a promise made by a borrower to a lender to repay the specified amount and interest mentioned on the note upon maturity. Who are the experts. It considered as a good investment.

See the answer See the answer done loading. And you have known the answer to this. The mortgage notes is a promissory note that written promises to pay a specified amount of money and its interest rates and the duration to fulfill the promise.

Select The Best Description Of The Mortgage Note. Closing disclosure documents itemizes the closing costs and explains the terms of your loan. The positioning of the links on this site can be influenced by the compensation received from their respective companies.

It commits you to paying your loan is the best description of the mortgage note.

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