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Georgia Unsecured Installment Payment Promissory Note for Fixed Rate  Form

Georgia Unsecured Installment Payment Promissory Note for Fixed Rate Form

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real estate agents will face many questions for they're home buyers among them will be concerns about terminology used within financial documents and titles agents need to understand the legalities of these documents so they can reassure clients they are making the right decisions for their future one key and often misunderstood term is promissory notes what are they why do they matter to you as an agent what is a promissory note and what role does it serve a promissory note is a promise to pay it's a financial document that states one party called the insurer or maker promises to pay another party known as the payee it lists the specific sum agreed upon it also states when the debt will be paid whether it will be paid in one lump sum or in payments with an end date promissory notes contain virtually all of the terms of a loan and your client is agreeing to these terms when they sign their promissory note during the closing process on a home these notes will include the

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