With Interest Rates near historical low there will probably never be a better time to sell a mortgage note or promissory note. You see, the market value of your mortgage note is inversely related to the general interest rate environment. This means that as interest rates fall, the market value of your mortgage note increases; [Read More…]
October 11, 2014 By
Safekeeping the Original Mortgage Note
Can you easily locate the original mortgage note? This important legal document should be kept in a safe place, and here is why! The promissory note is a promise to pay or IOU from the property buyer. It spells out the amount due and terms of repayment. In legal jargon it is known as a [Read More…]
October 10, 2014 By
Can I Sell Part of My Mortgage Note?
Owner Financing doesn’t have to mean waiting years or decades to receive money. Sellers have the choice to sell all or just part of their future payments for cash today. Option 1 – When note buyers purchase all the remaining payments on a land contract, mortgage note, or trust deed it is considered a full [Read More…]
