A mortgage note is a legal document for the loan contract between the lender and borrower when purchasing real estate. It is signed by the borrower at closing.

A promissory note is a mortgage document promising to pay back a lender under certain terms. The note includes information such as how much you're borrowing and the mortgage interest rate.

When you take out a mortgage, or any other kind of loan, the law requires you to sign a document that signifies your agreement to repay the money. The promissory note represents a binding legal ...

You may sign 20 or 30 documents at a loan closing, but the two most important documents are the promissory note and the mortgage (or trust deed). Once you close, the lender has all the loan ...