A mortgage note is a type of promissory note commonly used to ensure the promise of a borrower to repay a specific borrowed sum total plus interest specified. It also specifies the rate of payment and the length of time during which the borrower will repay the loan.
Most often utilized by buyers with a lower income, a mortgage note may be used when the borrower plans to purchase real estate for a home, and that real estate is found to be ineligible for a traditional mortgage. This often occurs when the condition of the home in question renders the home ineligible under the terms of a traditional mortgage. A mortgage note may also be used as a safe holding for assets within a family. A mortgage note in this instance keeps all of the terms and interest within the family, or close to home for safe keeping.
Mortgage notes can be an option for a quick solution to a financial need, as the mortgage note may be sold to a mortgage note buyer. Selling the mortgage note can provide a quick income to pay off any number of debts, finance future plans, or even to finance another investment opportunity. Often, the note holder may not know how to sell a mortgage note, and Samanda Investments can help.
One may sell mortgage note, liquidating an asset. In the business of buying and selling real estate, real estate notes and business notes, Simanda Investment offers one of the fastest turnarounds in the business. Available to produce cash fast from the most competitive offers, Simanda Investments presents their clients financing on their mortgage notes in as little as 15 days. Offering a painless and sound exit strategy, Samada Investments produces the right funding source and direct real estate note buyers, thereby significantly increasing the payout and the chances of hitting their clients’ financial goals.
Through their professional website, Samanda Investments provides all of the information and forms needed on how to sell a mortgage note, including a list of the documents required. After the documents have been acquired, the holder may begin to sell mortgage note. The first step is to fill out the necessary application, after which the investment firm will contact the mortgage note holder. During this initial contact, the firm will obtain the necessary information to continue the process. The firm will evaluate the mortgage note, and will then follow up with a reasonable offer. The process to sell a mortgage note through Simanda Investments is simple and satisfactory.
“Simanda Investments LLC has been in operation in the discounted mortgage note industry and the secondary mortgage market for more than twelve years, and during this time, we have maintained a 96% note closing success rate. Our in-depth understanding and extensive experience in the secondary market makes us experts at exceeding client service and financial expectations as we will always get your note deal funded. The most important thing you are looking for is money though we believe that efficiency and effectiveness of service are also essential and hence we work hard to provide these.”
To request a free mortgage note evaluation, or to obtain more information concerning the sale of a mortgage note, please visit the Simanda Investment website.