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Mortgage Professor about promissory note: 
Disclosure Rules on Mortgage Assumptions
February 19, 2001 "When I purchased my home two years ago, I assumed the mortgage of the seller. Recently I applied to refinance, and was told that I had to pay a $5,000 prepayment penalty. The loan documents I was given ... more...

Mortgage Prepayment Penalties
October 12, 2001, Revised November 17, 2004 What Is a Mortgage Prepayment Penalty? A prepayment penalty is a provision of your contract with the lender that states that in the event you pay off the loan entirely, you will pay a penalty. Penalties are usually expressed as a ... more...

promissory note related definitions

Mortgage Note
Mortgage Note A written negotiable promise (agreement) to pay a sum of money plus interest at a set interest rate. The note is secured by a mortgage. In turn, mortgage is secured by property. Mortgage note states the amount of debt and the rate of interest, and makes the ... more...

Untitled Document
Defereed Interest When a mortgage is written with a monthly payment that is less than required to satisfy the note rate, the unpaid interest is deferred by adding it to the loan balance. See negative ... more...

More about promissory note

Get Free promissory note Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Brand Awareness - Brand Identity
About once a month a few of us at the office get together during lunch for what has become known as a SWAP meeting. We share thoughts, stories and sometimes play Pictionary. Its a great way to relieve stress and learn interesting tidbits about the people we work with.One afternoon our conversation ... more...

Family, Incest, and Law
Family Values in Ancient Times:Many people of the present make some very grave and disturbing assumptions about prior unethical behaviour by humans. My theories may be biased and overly appreciative of a time before Empire and there is less data due to the destructive power of Empire and the ... more...

Top 10 Scams for 2001
Excerpt from Internet ScamBusters (tm) The #1 Publication on Internet FraudScams on the Internet are growing -- and with the vast selection, it was hard to only choose ten. We've tried to soften this list with a bit of humor. But please don't let the humor make these scams seem any less serious ... more...

Investment Real Estate Done Right -- Your Quickest and Safest Path to Wealth
In investment real estate the quickest way to wealth is through owner financing, or lease optioning. So, let's take a look at one model transaction, involving the purchase and sale of two properties on lease-option contracts so you an apply it to your own investment real estate system.Assume you ... more...

Evaluating Your Customer
It is one thing to make a sales presentation, but it is another thing to make a sales presentation without first evaluating your customer. For all you know, you could be selling your customer something that they already have, or something they dont want, dont need, or cant afford.This is why it is ... more...

Car Loans For People With Bad Credit - Points To Consider
Car loans are a real possibility for people with bad credit and often a huge step in rebuilding ones credit score. Before you apply for vehicle financing, check your credit report and shop with several lenders. Also, remember that you can refinance for better rates once your credit score has ... more...

Increase Creativity In Two Steps
To increase creativity, you need to do two things. First, you need to encourage it. Second, you need to train your brain. Start on both of these right now, and you can experience greater creativity today.Encourage creativity and you'll increase creativity. This is true of most things you want to ... more...

The Hands On Approach
While living in the technology age where everything is computerized, digitized, and auto-responded, it is very easy to forget where we came from, and how all of this progress has almost completely wiped out the personal touch.In this article, I am going to discuss three different ways to reach out ... more...

Real Estate: Financial Considerations $$$
Raw land as opposed to improved property is much more difficult to finance through traditional lenders. The main reasons are that it generates very little income, development costs can be expensive, there are no buildings or improvements that can be used as collateral, and it is often considered ... more...

How To Get Rid Of Debt Problems Step 2 -- How To Prepare A Financial Statement
Here is how to prepare a financial statement, for the purpose of negotiating reduced payments with your creditors.Secured/Unsecured debts. Before we get into the substance of this, let's ensure we are clear about the significance of secured debts.If the debt is secured, there is a risk that the ... more...

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