The note securing your loan is not a mortgage

Is There a question in this statement somewhere? Sorry but help! Thanks. Andrew

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If you are asking what the difference between your note and mortgage are, the note is the legal payment contract. it specifies how much you are borrowing and what the repayment terms are. It does not get recorded in the public record. The mortgage is the document that gets recorded in the public record and creates the lien against the propertry.

The note is the "promise to repay" the loan and the mortgage is recorded in the courthouse and secures the mortgage on the property.

your Mortgage secures the property, the loan is the terms of your promise to repay....

Regardless of the many terms and variations, a mortgage is essentially an agreement between a bank and a borrower to lend money in exchange for a piece of property, When you obtain a loan to purchase property, the mortgage serves as the lender's interest in the property. Mortgage collateral is the asset that secures the mortgage loan.

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The note is your promise to pay. The mortgage is the collateral security for the lender, to make sure you do pay. If you have a particular property in mind, and need help dealing with a mortgage question, you may contact me directly at primefinancial@frontier.com.

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Please elaborate.

So whats the question?