Do you know the primary criteria for establishing a sellable owner-financed mortgage note? When setting up an owner-financed contract for a deed, mortgage, or deed of trust, American Equity Funding suggests the following primary criteria to increase the value and...
Owner-financed Deeds of Trust and notes can be valuable financial instruments for both borrowers and lenders. The following attributes and documentation will improve value and marketability when selling or evaluating the worth of notes. Attributes High Credit Score...
Selling or keeping your mortgage note is a personal matter, and the answer always depends on needs, timing, and preferences. Let’s delve into a real-life example for perspective and understanding. Selling a Note A client of American Equity Funding was interested in...
A crucial step when creating a mortgage note is deciding whether the borrower or lender willassume responsibility for paying property taxes and insurance premiums. Establishing an escrow(impound) account for a loan offers the advantage of monitoring tax and...
Do you dream of owning a home but feel overwhelmed by getting a mortgage through a bank? Or are you a property owner who wants to sell quickly without the bank’s lengthy processes? Owner-financed mortgage notes are a simple and powerful way for buyers and sellers to...
