How to sell a mortgage

how to sell a mortgage

Did you give owner financing when you sold your home?

Would you sooner have cash than keep that owner financing?

Learn the secrets of the note-buying business

Who will buy your Owner Financed Mortgage

Most of the people advertising to buy your seller financed mortgage note are note brokers.

A note broker is not going to invest their own money to buy your mortgage in the same way that a real estate broker is not going to use their cash to buy your house.

Note Brokers Compared to Real Estate Brokers and Mortgage Brokers

Note Brokers, just like Real Estate Brokers and Mortgage Brokers, earn a fee for bringing buyers and sellers together. BUT, unlike Real Estate Brokers and Mortgage Brokers the fee is not a fixed percentage.

How Note Brokers Get Paid

You send note brokers all the details of the note, a copy of the mortgage, the note and other documents too. They then will submit this information to private or institutional mortgage investors. They get the best offer and then they calculate how much to offer you. The DIFFERENCE between what your note is worth and what you will accept is how their fee is calculated. This is how they can afford to pay for that costly Internet and TV advertising.

Should you use a Note Broker..Yes! (but see below)

Does this mean you should only offer your note for sale to actual note investors? NO! A note broker does a valuable job and is entitled to be paid for their services. They can often offer you a higher price even after being paid a fee. Just like a Real

Estate Broker can often get you a higher price for your home.

But how do you make sure that you are getting the best price and not leaving too much on the table?

Hungry note buyers will compete when you advertise your mortgage with us.

Sell your mortgage for cash rather than receiving monthly payments.

You can sell all of your mortgage or you can sell part of your mortgage. For example, you may need just $10,000 now to pay off some credit cards. But your mortgage may have $50,000 principal still owing. You can sell just part of your mortgage to give you the cash you need. After the buyer has received the payments they bought, the mortgage reverts to you and you receive the rest of the mortgage payments.

** NEW ** Lender Software Pro - fully featured Loan Serving Software for only $49.99.

Demo and Buy Loan Servicing Software.

If you’re a Hard Money Lender who Originates Private Mortgages, then our Lender Software will take care of all your mortgage accounting needs.

If you invest in or originate mortgage notes, buy notes or invest in real estate then we cater for your needs.

Maybe you only own a few mortgage loans and you’re struggling with your own spreadsheets, because you don’t want to pay hundreds, if not thousands of dollars for dedicated software. Our Lender Software will manage a single loan extremely well and, it’s very simple to copy the software for as many loans as you have, so it is scalable to your business.

Let hundreds of hungry note buyers compete for your mortgage. Place free listing to sell it.

Source: sell-a-mortgage.com

Category: Credit

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