When a seller allows a buyer to make payments over time for the purchase of property, it is known as owner financing or seller financing. This private financing by the seller can take the place of a bank loan or be in addition to a conventional mortgage. The payment amount, interest rate, and other terms are agreed upon between the buyer and seller. The amount financed by the seller will Continue Reading about What is Seller Financing?
Mississippi Note Buyers
Why Sell My Mortgage Note?
Accepting payments on the sale of real estate might have made sense at the time, but circumstances change. Many sellers discover they would now prefer cash today rather than the small amount that trickles in each month. Here are just a few reasons people have sold all or part of their seller financed mortgage notes for cash: Continue Reading about Why Sell My Mortgage Note?
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 purchase. Option 2 - When the note buyer purchases just a portion of the remaining Continue Reading about Can I Sell Part of My Mortgage Note?
Sell Property Fast With Owner Financing
When a property isn’t selling most real estate agents are quick to suggest a reduction to the sales price. It is common to see the tag line “Price Reduced” added to for sale signs, listings and ads. Rather than just reducing price... consider offering owner financing to sell a property quickly! In today’s real estate market obtaining a mortgage can be a large stumbling block to home ownership. Continue Reading about Sell Property Fast With Owner Financing
Learn the Value of Your Mortgage Note
Wondering just how much your mortgage note is worth? The value of a note or contract is affected by many factors including the: Down Payment Terms of the Note Buyer’s Credit Rating and Payment History Type of Property Sold and Its Current Value Since each transaction is unique, we offer a free note analysis based on your individual situation. Fortunately it is easy to obtain a Continue Reading about Learn the Value of Your Mortgage Note