7 Tips for Finding Trustworthy Mortgage Note Buyers

After deciding to sell your real estate note, the next step is finding a professional note buyer. And not just any note buyer. With your money and future on the line, you want to find the right buyer for you and your mortgage note. 7 Tips for Finding Trustworthy Mortgage Note Buyers Like agreeing to seller finance, selling your mortgage note can be a difficult decision. At Cailey … [Read more...]

5 Reasons to Sell Your Mortgage Note Today

We hear lots of reasons why people sell their note and put a lump sum of cash in the bank. In reality, it tends to come down to two things: a need or a want. Needs range from paying back taxes, getting rid of high interest credit card debt, or medical expenses piling up. Wants range from a family vacation, college tuition, or finally getting that dream car. Those items aside, here are … [Read more...]

Reasons for Offering Seller Financing Instead of Renting

You’ve moved out of your home and now the house sits empty. Now what? While rental properties offer attractive monthly income, there just might be a much better option. Here’s five reasons to offer owner financing instead of being a landlord… 5 Benefits of Seller Financing Over Renting Out Your Property All the Income Without the Maintenance Responsible landlords and rental property … [Read more...]

Options for When a Note Starts to Go Into Default

Let’s face it, no one buys a real estate mortgage or creates an owner financed note in hopes that the payments stop coming in. Although not the norm, payers do default on notes, stop paying, get behind on payments, or outright walk away from the property. It goes without saying that you should always comply with all debt collection laws when dealing with a borrower/payer that gets behind on … [Read more...]

Note Seasoning and Note Values

Here is something you might not have thought of…There’s not just one single item that determines the value of your real estate note. It's actually a combination of multiple variables including payment terms, interest rate, equity, property type, the buyer’s credit, and note seasoning. That last one, note seasoning, might sound a little cryptic, but really breaks down to being one of the biggest … [Read more...]

What are LTV and ITV in Note Investing?

Knowing the value of things is important—and real estate and mortgage notes are no different. Whether you are exploring offering seller financing or looking into selling a note, understanding the value what you are providing or own is paramount. Not only for your financial safety but for reselling down the road as well. What is LTV? Loan to Value, or LTV, is an indicator of potential … [Read more...]

What are ‘Face Rates’ and ‘Discounts’ On Notes?

If you're interested in seller financing or ready to sell your note, the terms ‘face rates’ and ‘discounts’ are probably words you have heard thrown around. If they aren’t, here’s an important quick overview. What is the Face Rate of a Note? Also known as the ‘present value,’ the face rate is simply the interest rate on the note and mortgage. The ideal face rate for a note depends on which … [Read more...]

Partnering with Financial Professionals in the Note Business

Partnering with financial professionals is a great way to help us, help you. Not only are you able to help your client, oftentimes you receive a referral fee…just for putting us in touch with a closing deal! Are you in any of these fields or know someone who is? Let’s talk! Real Estate Professionals Let’s face it: if there is a property sold, a real estate professional is probably … [Read more...]

When Is The Right Time To Sell Your Note?

It probably sounded like a great idea to carry back a note to help facilitate the sale of your property. Matter of fact, you might have been told that if your situation changes in the future, you could sell your note for a lump sum of cash. This might leave you wondering, when is the right time to sell your note? Does it matter what the traditional real estate market is doing? What about … [Read more...]

Selling A Mortgage Is Not Just About Price

One of the first questions a note seller asks is, “How much can I get for my note?” At the end of the day, that is what it is all about, right? Or is it? For some, selling a note is not just about price. For many people selling a note is about getting out of the hassle of collecting payments, dealing with defaulted buyers, reporting taxes, or having their money tied up for the length of … [Read more...]