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description of the mortgage note

Select the best description of the mortgage note

 

Select the best description of the mortgage note. It commits you to paying your loan It lists all costs associated with your loan

 

Best Answer:

 

The best description of the mortgage note is It lists all costs associated with your loan.

A mortgage note is a promissory note that makes a written commitment to pay a specified amount of money, its interest rate, and the term of the commitment. A mortgage note includes information regarding the interest rate, the terms of the loan, the due date, penalties and fees. Such notes are good investments.

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