Question by Hulk: What exactly is a Mortgage Note, what does a mortgage note look like?
I am in the middle of refinancing and was asked to submit a copy of my “mortgage note.” What exactly is a mortgage note? I searched through the piles of paper I signed when I got my mortgage/place but couldn’t really find it. Is a “mortgage note” the same thing as your mortgage bill that comes every month….which shows the balance on the mortgage, the interest rate and the actual amount you owe for the month?
Answer by mazziatplay
Ask for clarification from your lender. The note from a mortgage transaction is called a Promissory Note. You will find a copy in the closing package for your current mortgage.
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