Promise note with deed

[Liz C.]

Hi all, I am getting loan from a family Memeber, she want a promise note with a collateral of my property. I told her that’s fine and try to search for such paper. Anyone one know where I can download a template and what’s called? Thanks !

[Roy N.]

Try mortgage - it's the pledge of your property as security for the note (loan).

[Tom S.]

@Liz C.  An attorney can also draw one up for a few hundred total.  The note is usually just one page, but if the collateral is a lien on the property, probably a professional should do that.  Again, a few hundred dollars for both.