A promissory note is a mortgage ... until the loan has been paid off. Promissory notes are legally binding contracts. If you fail to repay your loan, the lender can enforce the document in court ...

a mortgage is a type of secured loan used to buy a home whereas a mortgage note is the document you sign at closing promising to repay that loan. The mortgage note comes from your mortgage lender.

Within three business days of receiving your application, the lender will send you a loan estimate. This is a detailed document that shows how much the mortgage will cost at closing and on a ...