Talk:Mortgage loan

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"Mortgage Note"[edit]

Do "Mortgage Notes" exist outside the USA? I've held a couple of Mortgages, and I've never heard of a "Mortgage Note." If it is USA-specific, it shouldn't be mentioned in the opening paragraph as part of the definition of a Mortgage. 86.181.120.13 (talk) 18:55, 22 February 2012 (UTC) I have seen the phrase "mortgage note" used to describe mortgages in Canada here http://www.checkrates.com/Articles/Mortgages/entries/Terminating-a-Canadian-Mortgage-Note and I believe the word "note" is used interchangeably for the word "loan" throughout North America. It is also defined in the British dictionary of business at dictionary.cambridge.org. So I think calling it a mortgage note is appropriate. — Preceding unsigned comment added by 50.134.168.16 (talk) 05:47, 2 April 2013 (UTC)

No, in the UK and other common law jurisadictions the documentation is a Mortgage Deed and Mortgage Offer. The Mortgage note article confirms it is US specific. I've re-written it to make it more generic. DeCausa (talk) 04:12, 10 May 2014 (UTC)

and the encumbrance of that realty through the granting of a mortgage which secures the loan.[edit]

Er, is this Wikipedia, or Wikipedia For Lawyers who can't speak in plain English? — Preceding unsigned comment added by 81.152.132.247 (talk) 14:08, 8 April 2014 (UTC)

Agreed, I've re-written it. DeCausa (talk) 04:13, 10 May 2014 (UTC)

Bali[edit]

The article's lead mentions that Bali, Indonesia is a place where mortgages are not available (and the cited source does back that up). However, I wonder why Bali would be singled out for that. I realize that Indonesia has a predominantly Muslim population and Islam traditionally prohibits loaning money at interest (see Islamic banking and finance). But Bali is one of the least Muslim areas of Indonesia. The population of the province is over 80% Hindu. Does anyone have more information about whether mortgages are available in the rest of Indonesia? --Metropolitan90 (talk) 20:48, 1 January 2016 (UTC)

Closed vs Open[edit]

I came to this page hoping to find a brief explanation of "closed mortgage" and "open mortgage". The two terms are used a few times in the article so it would be helpful if they were explained. Walkingstick3 (talk) 16:31, 18 January 2016 (UTC)

Assessment comment[edit]

The comment(s) below were originally left at Talk:Mortgage loan/Comments, and are posted here for posterity. Following several discussions in past years, these subpages are now deprecated. The comments may be irrelevant or outdated; if so, please feel free to remove this section.

Please add explanation of 'tracker' type mortgages to article.

Last edited at 14:32, 6 July 2008 (UTC). Substituted at 00:27, 30 April 2016 (UTC)