Note payments Many times we will give a note for equity. Many times we will give a note and negotiate no payments for 60 months. Other times we will give a note and negotiate interest only. And other times we will give a note and negotiate annual payment only. No payments are completely negotiable.
A note is a promissory note, a promise to pay a debt, evidence of a debt. A lot of people think a mortgage is a debt but it’s a security device. So is a deed of trust. To be a legal note, all you need is to identify the parties, who is paying the debt […]