Distinguish between a mortgage and a note- what does it, Finance Basics

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Distinguish between a mortgage and a note- what does it

1. Distinguish between a mortgage and a note.

2. What does it mean when a lender accelerates on a note? What is meant by forbearance?

3. Can borrowers pay off part, or all, of loans any time that they desire?

4. What does "nonrecourse" financing mean?

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Finance Basics: Distinguish between a mortgage and a note- what does it

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Finance Basics: Distinguish between a mortgage and a note- what does it

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