There are a lot of terms you need to know when you're buying a house!
A mortgage is the legal document that gives the lender a security interest in the property until the Note has been paid in full. The mortgage is recorded at the Registry of Deeds.
A note is the legal document that is the borrower's promise to repay the lender and outlines the loan terms.
A deed is the legal document that shows ownership of a property. The Deed is registered in the Registry of Deeds.
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