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MA_775_DIABLO [31]
4 years ago
11

What is the "promissory note"significance

English
1 answer:
Karo-lina-s [1.5K]4 years ago
6 0

Answer:

Promissory Notes. Homeowners usually think of their mortgage as an obligation to repay the money they borrowed to buy their residence. But actually, it's a promissory note they also sign, as part of the financing process, that represents that promise to pay back the loan, along with the repayment terms.

Explanation:

Promissory Notes. Homeowners usually think of their mortgage as an obligation to repay the money they borrowed to buy their residence. But actually, it's a promissory note they also sign, as part of the financing process, that represents that promise to pay back the loan, along with the repayment terms.

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