Is there a difference between the definition of a private mortgage note and a seller financed note? Better yet, does it even matter? A recent subscriber's questions are answered. "I am getting confused with - what is a private mortgage note and a seller finance note. They both seem the same. A private mortgage note is a note that someone is holding on what was sold. A … [Read more...] about Can You Please Define Private Mortgage Notes?
Archives for March 2013
You, Us, Dallas, and $100 – Noteworthy Summit April 18-20, 2013
We'd like to invite you to join us at the... Noteworthy Summit on April 18-20, 2013 in Dallas, TX Here's a quick recap of the upcoming event: One, we are going to be personally presenting at this mid-year summit for Note Brokers, Buyers, and Investors. Two, this event is sure to be a big success, so if you are anywhere in the area, you are going to want to attend. If … [Read more...] about You, Us, Dallas, and $100 – Noteworthy Summit April 18-20, 2013
FNAC Offers New Competitive Pricing to Note Brokers
First National Acceptance Company, a subsidiary of First National Bank of America, has been purchasing performing real estate notes nationwide for over 55 years. We now offer more competitive pricing on higher credit transactions and we continue to pay all closing costs. We've included a sampling of some of our recent broker closings. If you have any notes that you would … [Read more...] about FNAC Offers New Competitive Pricing to Note Brokers
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 … [Read more...] about Does This Financial Calculator Make Me Look Old?
Why In The World Do Sellers Offer Owner Financing?
Why would anyone who owns a piece of real estate outright ever consider taking on the role traditionally held by banks and agree to sell their property in exchange for a mortgage note payable to them over time? Why accept a promissory note instead of cash? Why in the world would sellers offer to owner finance? Owner Financing = Higher Interest Rate Potential One key … [Read more...] about Why In The World Do Sellers Offer Owner Financing?
