Month: September 2022

What loan document says the property is an investment property

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What loan document says the property is an investment property

What document states the property is an investment property on the loan document? A statement of occupancy is a document that provides vital information about the property, including who currently occupies it and for how long they have been there, and what type of property it is. A Statement of Occupancy, also known as SoO, … Read more

Which document represents the borrower’s promise to repay the loan (promissory note)

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Which document represents the borrower's promise to repay the loan

Promissory notes are often used in business transactions as it is a legal agreements between the lender and the borrower where the borrower promises to pay back the funds with interest within a given period. If you’re looking to secure funding for your small business or home improvement project, and you’re trying to figure out … Read more