Re: a note from winning in on cash flow

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Posted by Rich[FL] on September 22, 2003 at 12:57:40:

In Reply to: a note from winning in on cash flow posted by steve on September 19, 2003 at 11:20:06:

I'm not sure exactly what you're asking Steve, but here's my best guess at an answer for you.

A mortgage is a pledge of real property collateral (your house) against what you owe. A note is the actual document listing how much is owed and what the terms are. The two go hand-in-hand; you generally won't see one without the other. It's become "common practice" to use the two terms interchangably, though they technically mean different things.

Hope this helps.

Rich

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