Private Mortgage Note Buyers
We look after you you each step of the way. Request a quote to discover your options.
Don’t let yourself be left in the dark. Many factors determine the price of your mortgage note. We’ll treat you fairly, provide options, and explain how we determined your note’s value.
Don’t let yourself be left in the dark. Many factors determine the price of your mortgage note. We’ll treat you fairly, provide options, and explain how we determined your note’s value.
NO TWO SELLER-FINANCED MORTGAGE NOTES ARE THE SAME. SOME FACTORS INCLUDE:
If you’re looking for the best offer for your private mortgage note from someone who will treat you fairly and honestly, Porch Swing Funding checks the boxes.
People usually decide to sell a mortgage note (or installment sale contract) when they would rather not wait years for the remaining monthly payments, burden their heirs with the hassle of collecting payments, or have an immediate need for a cash lump sum.
There’s also the option to sell a portion of your note balance – called a “partial.” This gives you the ability to take a little cash now and collect the remainder of the note later.
Understanding the True Value of Your Mortgage Note: What Factors Influence the Price? As strange as it may sound, valuing a private mortgage note is a lot like pricing a used car. Factors like make, model, and mileage – plus the car’s features and condition determine its value. What’s important is whether there’s demand for […]
This guide is for anyone collecting payments after selling real estate with seller financing. I mention this upfront because selling real estate contracts means different things to different people. This guide isn’t for you if you are a real estate “wholesaler” who places properties under a purchase contract and then assigns (sells) the agreement to […]
Whether needing immediate cash or simply wanting to simplify their lives, at some point, noteholders will wonder how to… sell my mortgage note. A mortgage note (or deed of trust, land contract, or contract for deed) is a promise one party makes to another to pay a specific amount of money, plus interest, over time. […]
When you sell a promissory note, mortgage note, deed of trust, contract for deed, or another type of loan agreement – you are assigning your right to receive future payments to someone else. In exchange, you receive a lump sum of cash.
Selling a real estate note involves sharing copies of documents such as your loan paperwork, closing statement, and payment history with a note buyer who will provide a quote and perform further due diligence. The note buyer will order a title report, property appraisal and check your borrower’s credit. Selling a note usually takes 30 – 45 days. Closing usually takes place at a title office. Other options include “close by mail” or the use of a mobile notary.
There is no pre-determined discount when selling a mortgage note. Prices on the secondary market fluctuate based on current interest rates and other economic factors. Note buyers also take into account factors such as the property type and condition, equity coverage, borrower credit, payment history, loan terms, and the number of remaining payments.
The only thing that will change for the borrower if you sell your note is who they make their payments to. Since we are buying an exiting agreement, none of the terms of that agreement will change. This includes the payment amount, interest rate, and due dates.
If you work with a loan buyer who pays due diligence and closing costs, selling your note should not cost you anything. Be sure to ask if the buyer expects any costs could come up that would need to be covered by you.