What is the difference between a Mortgage, Note, and Deed?

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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