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In the United States, a mortgage note (also known as a ''real estate lien note'', ''borrower's note'') is a promissory note secured by a specified mortgage loan; it is a written promise to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise. While the mortgage deed or contract itself hypothecates or imposes a lien on the title to real property as security for a loan, the mortgage note states the amount of debt and the rate of interest, and obligates the borrower, who signs the note, personally responsible for repayment. In foreclosure proceedings in certain jurisdictions, borrowers may require the foreclosing party to produce the note as evidence that they are the true owners of the debt. == Determinants of mortgage type == For the most part, it is the mortgage note which determines the "type" of mortgage: * if the note has a fixed interest rate and payments, then the loan is a fixed-rate mortgage (FRM) loan * a fixed interest rate with adjusting payments is a Graduated Payment Mortgage (GPM) * a floating interest rate and payment amount indicates an adjustable-rate mortgage (ARM) * an amortization schedule longer than the maturity date indicates a balloon payment mortgage * when the payment schedule calls only for interest and no principal, thus leaving behind the full principal due at maturity, the loan is an interest-only loan * a payment adjustment frequency less than the interest rate adjustment frequency implies a mortgage which allows for negative amortization 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Mortgage note」の詳細全文を読む スポンサード リンク
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