Discover what a first mortgage is, its importance as a primary lien, key requirements, and tax benefits. Learn how it compares with a second mortgage and explore real-life examples.

Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology on contemporary arts and culture.

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 ...

Investing in mortgage notes is an alternative path to traditional real estate investments, offering a unique opportunity to diversify your investment portfolio and potentially earn passive income.

A first mortgage is the main loan used to buy a home, and it gives the lender the first claim on the property if the borrower fails to repay. Most homebuyers rely on a first mortgage since few people ...

Cash might be considered king, but it isn’t realistic to pay cash for every purchase in your life, such as buying a home or car or paying for a large renovation project. Those are all instances when ...

Investing in mortgage notes is an appealing alternative to purchasing properties outright and becoming a landlord. However, unlike a hard real estate purchase, you don’t own the property when you ...

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 ...

Buying a home is an exciting time. If you're like millions of other buyers around the country, you will need a mortgage to buy the home. In that case, you’ll be required to sign your mortgage note at ...

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 ...