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2. Mortgage note: What is it and how does it work? - AOL

   www.aol.com/finance/mortgage-note-does-211132255...

   The mortgage promissory note includes the borrower’s “promise to pay” the loan. It also lists the consequences should the borrower pay late or miss a payment, along with: ... For an example ...

3. Wraparound mortgage - Wikipedia

   en.wikipedia.org/wiki/Wraparound_mortgage

   An example: The seller, who has the original mortgage sells his home with the existing first mortgage in place and a second mortgage which he "carries back" from the buyer. The mortgage he takes from the buyer is for the amount of the first mortgage plus a negotiated amount less than or up to the sales price, minus any down payment and closing ...

4. Mortgage note - Wikipedia

   en.wikipedia.org/wiki/Mortgage_note

   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.. Mortgage notes are a written promise to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise.

5. 3 percent down mortgages: A guide to your options - AOL

   www.aol.com/finance/3-percent-down-mortgages...

   Beyond the Fannie Mae and Freddie Mac mortgage programs featuring 3 percent down payments, there are other types of mortgages that allow prospective home buyers to access homeownership with a low ...

6. What is a down payment? - AOL

   www.aol.com/finance/down-payment-180952544.html

   In that $400,000 home example, a 20 percent down payment would save more than $78,000 over a 30-year mortgage. Potentially better terms: Lenders like to see larger down payments.

7. Promissory note - Wikipedia

   en.wikipedia.org/wiki/Promissory_note

   A 1926 promissory note from the Imperial Bank of India, Rangoon, Burma for 20,000 rupees plus interest. A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or ...