We have been purchasing notes, mortgages and real estate contracts for over a decade and we pride ourselves on a unique client experience at the best price possible.
Understanding the secondary market for real estate is crucial for new would-be-buyers and investors alike. With that in mind, below is an answer to the fundamental question “What is the secondary mortgage market?” Keep reading to learn how the secondary mortgage market works, who the major players are in recycling capital, and how you, as…
A mortgage note, sometimes called a promissory note, is a document that contains all the necessary information and terms that property buyers and sellers need to keep track of when it comes to the repayment schedule of a mortgage loan. Essentially, it is a written agreement to pay back the debt. This contract dictates the…
Mortgage rates can often be confusing for those not well-versed in the industry, but understanding how these rates work (as well as the historical home loan interest rates and how they’re determined) is vital if you’re buying or investing in real estate. To start, it’s important to understand that there are multiple mortgage markets: the…
What are Mortgage Notes? Put simply, a mortgage note is a promise to repay a specific mortgage debt. A mortgage note is a legal document which describes the terms of repayment of a loan secured by real estate. The terms include a loan amount, interest rate, payback period among other items. A mortgage note is…
Mortgage loans, as we know them today, date back to the 1930s, when FDR’s New Deal created the Federal Housing Administration, and with it, FHA-backed home loans. But when strict FHA lending standards boxed some would-be home buyers out, many Americans turned to private mortgage notes instead — seller-backed financing that offered looser qualifying requirements…
You’ve got the landlord bug. You have one property, bringing in a steady income, and you’re ready to bring in some more real estate to build out your portfolio — but you’re not sure how. In fact, you’ve even found yourself wondering, “What is a property portfolio anyway?” What is a Property Portfolio? So, what…
You may have recently lost a loved one. This may require the settling of an estate and dividing assets. One of those assets may include a private mortgage note. You might not have planned to sell a private mortgage note in your lifetime, but now that your relative has bequeathed you one or left one…
For most people, their mortgage loan is the single-biggest debt they have — and that can be stressful. All the payments, the looming balance, and the other financial pressures you have weighing on you can be overwhelming. Fortunately, you don’t have to wait 30 years to be done with your high-cost mortgage. With these tips…
A contract for deed arrangement is one that allows a home buyer to purchase a property directly from the seller, without the involvement of a traditional mortgage lender or banking institution. It generally allows for a faster transaction and can open the door to buyers with less-than-perfect credit or a solid but short employment history….
If you’re looking to sell your home quickly or avoid the long, lengthy processes of the bank, you may want to consider offering home seller financing to prospective buyers. What is seller financing, exactly? Put simply, it means you become the lender. In a seller financing deal, also called owner financing, the buyer would make…
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