| the second quarter of 2005. A VA loan is a mortgage loan in the United States guaranteed by the Veterans Administration. The loan may be issued by bank of america home equity loan lenders. The VA loan was designed to offer long-term financing to American veterans or their surviving spouses (provided they do not remarry). A promissory note is a contract detailing the terms of a promise by one party (the maker) to pay a bank of america home equity loan of money to the other (the payee). The obligation may arise from the repayment of a loan or from another form of debt. For example, in the sale of a business, the purchase price might be a combination of an immediate cash payment and one or more promissory notes for the balance. The terms of a note typically include the principal amount, the interest rate if bank of america home equity loan and the maturity date. Sometimes there |
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