Need Help Determining A Note Investing Yield

Recently a private note investor contacted us to get some guidance on calculating a yield on a note they were buying. While payments were current there was a past due balloon they were looking to extend along with an additional advance. This is a creative workout solution to a common balloon problem and the investor kindly agreed to let us share it here with our readers. The Question on Calculating Yield: I mainly broker hard money loans and buy existing notes, but this one deal has me … [Read more...]

Does This Financial Calculator Make Me Look Old?

If you plan to buy mortgages or want to take your note broker business to the next level then learning your way around a financial calculator is a big plus. As many of you know, Fred and I are a house divided when it comes to... ¬†Choosing the Best Financial Calculator. Fred likes the Texas Instrument Financial Analyst and I am a die-hard HP12C user.¬† Recently a fellow HP calculator fan read that past article and wrote in with some great information. In the process I found out my … [Read more...]

Choosing the Best Financial Calculator

So you are ready to make that final leap to financial control and purchase your own financial calculator! You want something that can efficiently calculate mortgages, notes, investments, and loans with ease - well, there are plenty to choose from. The big question now is, "Which one?" Many calculators can handle financial functions and some are much easier to operate than others. Here are the top three used in our industry. … [Read more...]