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Asked: 2022-04-13T03:57:45+00:00 In:

Select the best description of the mortgage note.

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what's%20the%20best%20section%20of%20the%20mortgage%20note%20.it%20commits%20you%20to%20paying%20your%20loan...

Select the best description of the mortgage note.

1, It commits you to paying your loan 

2, It lists all costs associated with your loan 

♦ Relevant knowledge
The loan used to purchase of a house and secured by the property as collateral to repay is referred to as a home loan. The loans are charged an interest rates that must be paid together with an equal amount of interest.

 

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2 Answers

  1. Best Answer
    Expert

    Answer: The first option is correct .

    The best section of the mortgage note is that it commits you to paying your loan.

    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. It can also be described as a  financial
    document of a loan agreement used to purchase property.

    • 23

  2. Answer-

    The first option is correct .

    The best section of the mortgage note is that it commits
    you to paying your loan.

    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.

    it can also be described as a  financial
    document of a loan agreement used to purchase
    property.

    • 6

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