Before creating a quality mortgage note, it’s important to understand the concept of seller financing. 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. The payment amount, interest rate, and other terms are agreed upon between the buyer and […]
What Can I Do To Make My Mortgage Note Worth More?
The value of your mortgage note is dependent upon several variables. Many of the items that affect the value of your mortgage note were determined at the time the property was sold. However, there are certain things you can currently do to make your note worth more. How much a mortgage note sells for comes […]
Top 3 Owner Financing Myths
Owner financing has once again gained popularity as mortgage approvals prove hard to obtain. The installment sale is being pulled out of the toolbox as an alternative financing method to conventional loans. As the owner financing method becomes a frequent topic among real estate agents, investors, and discussion boards there are inevitably some misconceptions being […]
5 Reasons Owners Offer Seller Financing
Why would a seller allow a buyer to make payments over time for the purchase of property? Wouldn’t the seller rather get paid now and require the buyer to obtain a bank loan? Here are 5 reasons property owners offer seller financing: 1. Reduced Marketing Times What is the first thing a real estate agent […]
Avoid Three Seller Financing Mistakes
Would you rather have $97,000 to sell your $100,000 note or only $80,000? The difference in usually comes down to the big three. Here’s the three biggest mistakes note sellers make and how to avoid flushing money down the drain. Mistake #1 – Failing to Check Credit The payer’s credit report lets you know how […]