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In this video tutorial, Paul Vojchehoske introduces key concepts related to real estate finance, focusing on the promissory note and the mortgage. He acknowledges that students often struggle to understand these two legal instruments, and aims to clarify their roles. The promissory note is essentially a written promise to pay back a loan, while the mortgage serves as security for that loan, allowing the lender to claim the property if the borrower defaults. Paul indicates that in the next video, he will address the deed of trust, another important instrument in real estate transactions. He is dedicated to providing a comprehensive understanding of these concepts to help students grasp their importance in real estate.