The lender keeps your promissory note until you pay off the mortgage, but you can request a copy. When you buy a home ... are backed by collateral, like a car or house. The lender can seize ...

such as buying a home or car or paying for a large renovation project. Those are all instances when you may want to borrow from a lender and, when you do, you sign a promissory note — a legal ...

For example, if the borrower owns property, the lender can use the car as collateral ... they borrowed to buy their residence. But actually, the signed mortgage promissory note represents a ...

When you buy a home, you'll have to read and sign a lot of documents. An important one is the promissory note, which explains ... backed by collateral, like a car or house. The lender can seize ...