Monday, April 23, 2007

On promissory notes

Everyone knows just how much attention to detail one has to pay when signing important documents, whether they are pertaining to a mortgage or a business loan. It is important to fully understand what exactly is stated in promissory notes, which detail the agreement between two parties such as how and when the sum of money is to be returned. Promissory notes include details on the principal amount, applicable interest rate and the due date. One of my friends in Kansas City dealt with them at the real estate agency she worked at and felt that even though the US government considered certain promissory notes as negotiable instruments, they were not commonly known in average real estate dealings and mortgages. I personally feel that the world of real estate finance is probably just too complicated for the average buyer, who is only focused on finding a good and affordable place, which makes it even more essential for all paperwork and documents to be as straightforward and simple as possible. At, the average consumer as well as the worldwise investor can take advantage of using the company's worldwise services, making it a place any potential home buyer or business investor should visit.

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