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PROMISSORY NOTED VALUE RECEIVED, I/WE hereby promise to pay solidarity, without need for demand, FIRST GEORGETOWN VENTURES, INC. (FGI) at its office at 5/F F&M Lopez Bldg., 109 Carlos Balance St.,
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How to fill out this purchase money note

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How to fill out this purchase money note

01
Gather all necessary information such as the buyer's and seller's names, the property address, the purchase price, and the loan terms.
02
Complete the blanks on the purchase money note form, including the loan amount, interest rate, payment schedule, and any other relevant details.
03
Review the completed purchase money note for accuracy and make any necessary corrections.
04
Sign and date the purchase money note along with the other party involved in the transaction.
05
Keep a copy of the fully executed purchase money note for your records.

Who needs this purchase money note?

01
Individuals or entities involved in a real estate transaction where the seller is providing financing to the buyer.
02
Buyers who cannot secure traditional financing from a bank or lending institution.

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A purchase money note is a legal document that outlines the terms and conditions of a loan provided to a buyer for the purpose of purchasing real estate.
Typically, the buyer or borrower is required to file the purchase money note to formally document the agreement with the lender.
To fill out a purchase money note, include details such as the names of the parties involved, the principal amount, interest rate, repayment terms, and any clauses regarding default or early repayment.
The purpose of the purchase money note is to establish a legal obligation for the borrower to repay the loan under specified terms.
The purchase money note must report the borrower’s name, lender’s name, loan amount, interest rate, payment schedule, and conditions of the loan.
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