Ed Black
REALTOR

240-668-5301

About TeamBlackBerry
About TBB
Contact Ed
Testimonials
Guest Book
Closed Sales
Service Guarantee
For Our Buyers
Our Listings
4 Sale By Owner
New Construction
Dream Home Finder
MD Foreclosure Help
For Our Sellers
Market Analysis
Resources
Md Relocation
Lake Linganore
City Overview
FREE Brochures
Local #s
Buyer/Seller Info
Community Links
Real Estate Teams
Schools
Newsletter
Real Estate News
Homes&LandMag
Weather Report
Financial Resources
PNC Mortgage
Mortgage Rates
Home
TeamBlackBerry Home!
 


Referrals are our GREATEST compliment. Consider passing our name today.

Equal Housing Opportunity


GRI - Graduate, REALTOR® Institute


MLS membership


REALTOR® certification


Yahoo® Real Estate Classifieds

 

Buyer/Seller Info



  Note

A legal document that obligates a borrower to repay a mortgage loan at a stated interest rate during a specified period of time.

One way to think of the mortgage note is that it is a legal "IOU." Often called the promissory note, it represents your promise to pay the lender according to the agreed upon terms of the loan, including when and where to send your payment.

The note lists any penalties that will be assessed if you don't make your monthly mortgage payments. It also warns you that the lender can "call" the loan -- demand repayment of the entire loan before the end of the term -- if you violate the terms of your mortgage.

 

[ Back To Real Estate Glossary ]


2006-2008
All Rights Reserved Edward Black
TeamBlackBerry LLC t/a
TeamBlackBerry & Associates SM
REAL ESTATE TEAMS,LLC
50 Citizens Way Frederick, Maryland 21701
Lake Linganore, Maryland
Ed Black, Specializing in Frederick County MD real estate! - Frederick MD Realtors - Frederick MD Homes - HUD Home Sales - www.edsellsmaryland.com - www.lakelinganorehomesales.com - www.teamblackberry.com


Real Estate Websites by iHOUSEweb, Inc. ®

Site Admin Menu