Mortgage Note Buyer: Creative Options for Cash
Holding a real estate note is a lot like winning the lottery. When you
win the lottery, you have the option to get your winnings in one lump
sum or spread them out over monthly payments for a set number of years.
When you hold a real estate loan, you currently are in the position of
accepting monthly payments from the payee. However, did you know that,
like lottery winners, you also have the opportunity to get a lump sum of
cash for the loan? A mortgage note buyer can review the loan terms and
will make a cash offer to you to buy your loan outright. Many times, you
can sell your loan off in as little as two to three weeks.
The amount of money you are currently receiving in monthly payments is a decent size, but when you look at the amount those payments will add up to over the life of the loan, you can see that this loan is actually a large investment. You should consider all of the creative cash options available to you for this loan, including getting a lump sum of cash from a mortgage note buyer. You likely will find that you will be better off financially by selling this loan and investing the cash wisely.
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ABOUT THE AUTHOR
Carla Kaplan is a writer and researcher on mortgage note buyer. Save time and money by getting FREE in-depth information and helpful tips here: SellMyMortgageNote.net