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The note securing your loan is not a mortgage

by queenl_158_786 from Tallahassee, Florida. Feb 28th 2013 Reply


Andrew Alfonso (CashCow)
#45 ranked lender in Florida - 271 contributions

Is There a question in this statement somewhere? Sorry but help! Thanks. Andrew

Feb 28th 2013
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,707 contributions

tomatoe, tommahtoe.. potato, patahto... .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Feb 28th 2013
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Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

If you are asking what the difference between your note and mortgage are, the note is the legal payment contract. it specifies how much you are borrowing and what the repayment terms are. It does not get recorded in the public record. The mortgage is the document that gets recorded in the public record and creates the lien against the propertry.

Feb 28th 2013
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Linda Burek (lburek)
#138 ranked lender in Florida - 25 contributions

The note is the "promise to repay" the loan and the mortgage is recorded in the courthouse and secures the mortgage on the property.

Feb 28th 2013
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#2 ranked lender in Florida - 794 contributions

your Mortgage secures the property, the loan is the terms of your promise to repay....

Feb 28th 2013
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Benjamin Bote (Benjamin)
#805 ranked lender in California - 20 contributions

Regardless of the many terms and variations, a mortgage is essentially an agreement between a bank and a borrower to lend money in exchange for a piece of property, When you obtain a loan to purchase property, the mortgage serves as the lender's interest in the property. Mortgage collateral is the asset that secures the mortgage loan.

Feb 28th 2013
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#78 ranked lender in Florida - 2,240 contributions

We need some more info to help!Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation.Ask for Michelle or Benny We will find the Best Mortgage Option to suit your needs!You can check us out at www.BestMortgageOption.com

Feb 28th 2013
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

The note is your promise to pay. The mortgage is the collateral security for the lender, to make sure you do pay. If you have a particular property in mind, and need help dealing with a mortgage question, you may contact me directly at primefinancial@frontier.com.

Feb 28th 2013
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Craig Prickett (cpmtgnow)
#159 ranked lender in Florida - 97 contributions

For Guaranteed Excellent service call Craig Prickett Nmls #268694 at LoanSimple Inc. Online application at www.firstfloridafin.com or call/text at 954 558 4430 Thank You

Feb 28th 2013
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

Please elaborate.

Feb 28th 2013
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,915 contributions

So whats the question?

Feb 28th 2013
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