Start of Main Content
A magnifying glass is held over a printed newspaper or book, focusing on several small, paper cutouts shaped like different types of houses and buildings.

What is a Mortgage Note?

Real Estate Dictionary

< Return to Dictionary Search

A written agreement to repay a loan. The agreement is secured by a mortgage, serves as proof of indebtedness, and states the manner in which it shall be paid. The note states the actual amount of the debt that the mortgage secures and renders the mortgagor personally responsible for repayment.