Real estate notes are signed contracts that state the payee will pay a certain amount of money at a specified time. Similar to a traditional mortgage, a note can be written to satisfy certain requirements that a traditional mortgage could not. These include a balloon payment, payments whenever there is a demand for them or [...]
It definitely takes some hard work and patience to go through the process of buying real estate foreclosures. But the good bargains are truly out there if you can spare the time to look for them. You can also get a lot of help from a broker who can spot great bargains for you.
How to [...]
People sell real estate notes to raise cash quickly. A real estate note is just the loan document created when you financed the sale of your house or investment property. It could be a mortgage note, or a land contract or contract for sale. The point is that the buyer is making payments to you, [...]
Which of these would you rather have: a hundred dollar bill today, or a one hundred dollar bill in a year? Most people will choose the fifty dollar bill, and who could blame them? A dollar in your hand is worth much more than the potential of a dollar later to most people, and that [...]
When ever you need to finance the purchase real estate investments through a private mortgage lenders, you must first locate a private lender with an interest in your particular real estate venture. Private lenders are ordinary people who are willing and financially able to fund your property venture by means of their own assets. You [...]
Discount mortgages are a type of mortgage product that have a variable interest rate which moves roughly in line with the lender’s Standard Variable Rate (SVR).
The discounted interest rates attached to discount mortgages are genuine and will normally apply for a set period of between one to five years. The discounted interest rate is designed [...]
Robert Lee of Foreclosure Trackers suggests that purchase of discounted notes can help foreclosure victims. Lee and his partner David Phelps founded Foreclosure Trackers. Where politicians and bankers have failed, the duo has found a solution to the challenge. They are turning the dismal situation into an opportunity.
The purchase of defaulted mortgages at a reduced discount will enable [...]
Mortgage notes are loans which are created when a home is sold. Private mortgage notes are funded by a home seller rather than a bank or lending institution. They are also known as cash flow notes, seller financed notes, owner financed notes or seller carry-back notes.
Why Would a Private Mortgage Note be Created?
There are many [...]
Buying Points to Lower Your Interest Rate, It’s Not Always a Good Idea
Discount points are fees paid to a lender at closing in order to lower your mortgage interest rate. While buying points is sometimes a good decision, many times the purchase costs you more than it saves.
How Much Do Points Cost?
The cost of each [...]
Shortly after joining the U.S. Senate and while enjoying a surge in income, Barack Obama bought a $1.65 million restored Georgian mansion in an upscale Chicago neighborhood. To finance the purchase, he secured a $1.32 million loan from Northern Trust in Illinois.
The freshman Democratic senator received a discount. He locked in an interest rate of 5.625 [...]