“Wait, banks sell mortgage notes? I didn’t know that!” Below is a little blurb about what is a Mortgage Note Buyer. A Mortgage Note Buyer is simply a person that can get you a lump sum of cash quickly for the future payments you are scheduled to receive. So if …
Why sell promissory note? If you own mortgages (meaning that you’re a mortgage lender and someone pays that debt to you), you may be interested to learn what it means to sell notes and mortgages. You might also like to discover how this benefits the person or company that owns …
As the owner on a note for real estate, those recurring mortgage payments can really come in handy, but they can also mean you have to put up with accounting headaches for a relatively small monthly income. Even if you receive a few thousand dollars a month, the option to …
What to consider when selling your note Advantages of selling your note As the owner of the note of a home’s mortgage, you have the advantage of receiving a monthly check for that loan. You also receive interest on the loan over its life, which is typically thousands of dollars …
Mortgage rates are back on the upswing, after a brief decline, and the housing market is still suffering from a lack of listings. As a result, mortgage demand continues to drop.
