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