What is a note?
The funds flow industry is a booming business. It refers to the acquisition & sale of income streams, i.e. notes.
A note, basically put, is a promise to pay. The note itself is a document that includes the face value of the note, rate of interest, every month payment, term of the note, & any other clauses agreed on by the parties involved.
How is a actual estate note created? Here are a few examples:
one. Kim Seller owns a home free & clear & Bill Buyer is interested but cannot qualify for conventional financing. Kim Seller then agrees to over the financing. Samantha Seller becomes the bank & Bob Buyer's every month payments are sent to Samantha Seller based on the terms set in the note.
three. Sue Seller wishes to sell her home & Brad Buyer can get conventional financing however he doesn't have the funds to cover the deposit. Sue Seller can agree to over a note for the balance of the deposit as a second mortgage. The buyer, therefore, makes every month payments to the bank (first mortgage) & Sue Seller (second mortgage).Call 1(877)848-6395 for a free no obligation quote.
But let's say that you are prepared for a holiday & darn it all, your funds is wrapped up in the house you owner-financed to Bill Buyer. Here comes Nancy the Note Investor to the rescue! Nancy is interested in purchasing your mortgage, & he asks you what you require the funds for, how much you require, & how soon you require it. You & Nancy the Note Investor come to an agreement & you get to walk away with a lump sum of funds today in lieu of waiting the term of the note for your funds, & Nancy the Note Investor has bought your note at a discount agreeable to you in order to make a suitable return on her funds.Call 1(877)848-6395
Everybody wins!
But wait, there is more! The funds flow industry is not limited to owner-financed mortgages... structured settlements, bankruptcy funds outs, viaticals, & even lottery winnings are viable funds flows that can be sold to investors & yes, there's people willing to buy them!
The funds flow industry is a booming business. It refers to the acquisition & sale of income streams, i.e. notes.
A note, basically put, is a promise to pay. The note itself is a document that includes the face value of the note, rate of interest, every month payment, term of the note, & any other clauses agreed on by the parties involved.
How is a actual estate note created? Here are a few examples:
one. Kim Seller owns a home free & clear & Bill Buyer is interested but cannot qualify for conventional financing. Kim Seller then agrees to over the financing. Samantha Seller becomes the bank & Bob Buyer's every month payments are sent to Samantha Seller based on the terms set in the note.
three. Sue Seller wishes to sell her home & Brad Buyer can get conventional financing however he doesn't have the funds to cover the deposit. Sue Seller can agree to over a note for the balance of the deposit as a second mortgage. The buyer, therefore, makes every month payments to the bank (first mortgage) & Sue Seller (second mortgage).Call 1(877)848-6395 for a free no obligation quote.
But let's say that you are prepared for a holiday & darn it all, your funds is wrapped up in the house you owner-financed to Bill Buyer. Here comes Nancy the Note Investor to the rescue! Nancy is interested in purchasing your mortgage, & he asks you what you require the funds for, how much you require, & how soon you require it. You & Nancy the Note Investor come to an agreement & you get to walk away with a lump sum of funds today in lieu of waiting the term of the note for your funds, & Nancy the Note Investor has bought your note at a discount agreeable to you in order to make a suitable return on her funds.Call 1(877)848-6395
Everybody wins!
But wait, there is more! The funds flow industry is not limited to owner-financed mortgages... structured settlements, bankruptcy funds outs, viaticals, & even lottery winnings are viable funds flows that can be sold to investors & yes, there's people willing to buy them!
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