Most people have heard of a mortgage… but very few actually understand what a mortgage note is. π€
π At its core, it’s an IOU tied to a property — outlining:
π° how much is owed
π the interest rate
β³ the timeline
β οΈ and what happens if payments stop
And here’s where it gets interesting… In Colorado (and some other states), it’s not just one document π
You’ve got:
π The promissory note → “I owe this much”
π‘ The deed of trust → ties the loan to the property + defines consequences
Two pieces. One powerful system. π If you’ve ever wondered how note investing actually works behind the scenes… this is where it starts. π 303.912.5394 | βοΈ [email protected].