Special Report:
Secrets The Mortgage Industry Hopes You Never Learn!
“What exactly is a note and a mortgage…what’s the difference?”
A note is simply a promise to pay. A mortgage secures that promise, using real estate as the collateral. When someone mortgages their property, they are conveying an interest in their property as security for payment of a debt.
“What happens if I am in default on my loan?”
If you are even one month late on your payment, the bank has the right to call the entire loan due (accelerate the mortgage). If you skip a month....
Not only does this report explain the mortgage process, it also reveals what options are available to most homeowners. Continue to read the whole report and empower yourself when dealing with the lenders with the correct knowledge you need to make an informed decision.