What is mortgage note and why important

1
What is mortgage note -
The mortgage note is known as a real estate note,
promissory note, etc. It is a written promise.
According this we have to pay money plus interest
after a specified time. If you sign mortgage note
then you have to pay money in a periodically
order.
2
Types of mortgage note -

• Fixed-rate mortgage
• Graduated Payment Mortgage (GPM)
• Adjustable-rate mortgage (ARM)
• Balloon payment mortgage
• Interest-only loan
• Negative amortization

3
Why promissory note is important -
The mortgage note is very important note. If you
deal in real estate. And you want money by buyer
after a specified time duration, then you have to
sign a mortgage note with the buyer. This is
promised by buyer. According this promissory note
buyer pay you money after a specified time
duration.
4
Risks of mortgage note -

• There are some risk of the mortgage note -
• Credit Risk.
• Interest rate risk
• Prepayment risk, etc.

5
First Equity Note is a Mortgage Note (Promissory
Note) selling company. For more info Visit -
  Website - http//www.dreamprotector.net Addr
ess -   490 Maplehill Rd, Rochester Hills, MI
48306.   Contact Info -   Office
248-650-3535   Fax [phone]