BY DEFINITION A PROMISSORY NOTE IS…

BY DEFINITION A PROMISSORY NOTE IS…

Wikipedia defines “A promissory note as a legal instrument (more particularly, a financial instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a … Continue reading

SELF-EMPLOYED? HAVE DISPUTED CREDIT OR COLLECTIONS? NEED CLARITY ON THE DEFINITION OF A FAMILY MEMBER?

Effective April 1, 2012, FHA will require self-employed borrowers provide a Profit & Loss Statement if their last business tax return is more than 3-months old and an audited Profit & Loss Statement if the income reflected on their Profit … Continue reading