Select the best description of the mortgage note.

It commits you to paying your loan

It lists all costs associated with your loan

The correct option is;

It commits you to paying your loan

Explanation:

A mortgage note is a note promising to repay a stipulated amount of money as well as interest incurred at a stipulated rate at an agreed time in order to live up to the terms of the promise

The mortgage note outlines the debt and the interest rate and requires the borrower, that is the signatory to the note individually responsible for the repayment of the mortgage

Therefore, the correct option is that it commits you to paying your loan.