It’s fine to get rid of monthly mortgage statements, but you should keep all your mortgage documents, including proof of title insurance and the promissory note, until your loan is paid off. Having ...

A mortgage note, also known as a promissory note, is a legal agreement to repay your mortgage. It outlines the terms agreed upon between you and your lender, including the amount you owe, your ...

A major U.S. bank is being fined over sloppy mortgage documentation practices and no, it’s not Wells Fargo. The issue stems from Citi’s exit from the mortgage servicing business back in 2017. In a ...

A mortgage note represents a home loan for a given borrower. The note is a security instrument that allows the loan to be grouped with other mortgages after closing and sold to investors. A mortgage ...

Q: I saved an article you wrote from 2015 that says that I should "get back the promissory note" I signed when I pay off my loan. And, that the lender should return it to me, stamped "canceled." But ...

When you take out a mortgage, or any other kind of loan, the law requires you to sign a document that signifies your agreement to repay the money. The promissory note represents a binding legal ...