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What is mortgage note and why important

The mortgage note is a promise between buyer and seller. According promissory note buyer have to pay a specified amount to the seller after a specified time duration. http://www.dreamprotector.net

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What is mortgage note and why important

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  1. What is mortgage note :- The mortgage note is known as a real estate note, promissory note, etc. It is a written promise. According this we have to pay money plus interest after a specified time. If you sign mortgage note then you have to pay money in a periodically order.

  2. Types of mortgage note :- • Fixed-rate mortgage • Graduated Payment Mortgage (GPM) • Adjustable-rate mortgage (ARM) • Balloon payment mortgage • Interest-only loan • Negative amortization

  3. Why promissory note is important :- The mortgage note is very important note. If you deal in real estate. And you want money by buyer after a specified time duration, then you have to sign a mortgage note with the buyer. This is promised by buyer. According this promissory note buyer pay you money after a specified time duration.

  4. Risks of mortgage note :- • There are some risk of the mortgage note :- • Credit Risk. • Interest rate risk • Prepayment risk, etc.

  5. First Equity Note is a Mortgage Note (Promissory Note) selling company. For more info Visit :- Website :-http://www.dreamprotector.net Address :- 490 Maplehill Rd, Rochester Hills, MI 48306. Contact Info :- Office: 248-650-3535 Fax: 248-650-8161

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