US
Mortgage Buyer Private Mortgage Note Pricing information.
Interested in a Lump Sum of Cash
Now from a friendly, professional mortgage
buyer instead of waiting years to receive the
money from the sale of your property? U.S. Funding Solutions,
Inc., is a national mortgage buyer
specializing in buying Owner Financed Mortgage notes
as well as Trust Deeds, privately held commercial mortgages
and Land Contracts. Here is
something that many private mortgage holders don't know.
You Can Sell a Portion of Your Mortgage Note
Payments as opposed to selling the entire
mortgage? Inquire about our Partial Mortgage Purchase
Program and find out how you can receive a lump sum
of cash now for a portion of your mortgage note or for
a predetermined number of future mortgage payments.
Call
Today For Great Pricing or Just To Ask Questions
1-877-655-5625
Mortgage Buyer Related Articles
That Might Be of Interest
How Does a Private Mortgage
Buyer Come Up With The Price They Will Pay Me For My
Note?
First, let me state the obvious. If you sold a property
via owner financing and are holding the mortgage for
the buyer, you have in your custody a valuable, marketable
financial instrument. This asset has both a risk and
a value (the value of the future income stream) that
you can sell to others. Or if you own a home you need
to sell, you can offer to owner finance in order to
get top dollar for it, sell the home and then you can
sell the note you are holding after a little seasoning
for all cash.
Unfortunately, many private mortgage buyers cloak the
note buying process in mystery. And while every note
buyer has differing wants just like a mutual fund would
look for different characteristics for stocks in their
portfolio, there are 5 main factors that drive the price
to be paid for a mortgage. I have listed them below.
These are:
1. The equity the buyer has in the property based on
its appraisal, or the lower of the appraisal or purchase
price for a new purchase. Many note buyers will only
use what is called a BPO or broker pricing opinion from
a real estate broker. Higher equity amounts translate
to a higher purchase price for the mortgage due to lower
risk. (Risk)
2. The length of time the mortgagor has been paying
on the mortgage. Here, a mortgage
buyer is primarily looking for a solid payment history.
They want to see that the note is being paid on time
and the longer, the better the price. (Risk)
3. The note's interest rate. The higher the interest
rate, the higher the price offered. Note holders should
be very aware of this factor for their asset. If, as
many experts predict we go into a period of significant
inflation due to all the government spending, the value
of their note could drop dramatically. (Time value of
money.)
4. The amount of time remaining on the note. While
this will affect the price, some mortgage
buyers like lengthier periods than others. (Time
value of money)
5. The borrower's creditworthiness. Many note buyers
have established minimum credit scores in order to buy
a note. They may also want to review the credit report
for mortgage history, recent bankruptcies, etc. (Risk)
Some private mortgage buyers will add a sixth factor,
the size of the note's purchase price (Risk). The higher
the dollar exposure, the less tolerant they will be
on other factors.
Call
Today For Great Pricing or Just To Ask Questions
