George C. asked
We have a friend who wants to give us cash to help buy a house in California. He wants us to sign a promissory note to ensure he gets his money back. We are concerned that this might cause issues with the mortgage company when we apply for a loan. Will the mortgage company find out about the promissory note, and could it affect our ability to get a mortgage?
February 2nd, 2023
David A. answered
A promissory note, in itself, is an unsecured debt and does not affect the property's title or creat...
February 2nd, 2023
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