How to Sell a Promissory Note
What Is a Promissory Note A promissory note is a written promise—a definite sum of money the note’s issuer (borrower) agrees to repay the note holder (you) by a specified future date. It is simultaneously: Common Types of Promissory Notes Type Collateral? Typical Discount Rate Mortgage notes / trust deeds Secured by real property (deed of trust or mortgage) Low to moderate Real estate … Read more