When sellers provide owner financing, their primary concern is usually, “How do I make sure the buyer will pay me?” … [Read more...] about Owner Financing? The Top 5 Things to Consider
Archives for June 2008
This is usually the first question on everyone’s list. “Discount” is essentially the difference between how much is currently owed on the note versus how much the investor is willing to pay for it. … [Read more...] about What is a Note Discount?
You have probably heard a lot of acronyms thrown around in the note industry. Some of the more common ones are LTV and ITV. LTV stands for Loan to Value. This is shown as a percentage. It is often used to determine “what is the likelihood the payor will continue to make payments” based on equity. … [Read more...] about What is LTV and ITV?
One of the considerations when purchasing a note will be the appraised value of the home. Although there are some great programs on the internet that aid the average consumer in getting an idea of a value, they are not always accurate and thereby credible when you are talking about investing money in a seller financed note. … [Read more...] about How to Determine “Value”…
You may have heard the term “outside servicing” and not really thought of what it is or how it may be helpful when owner financing. … [Read more...] about What is “Outside Servicing” For Owner Financing?