The terms mortgage note and promissory note are integral within the real estate market and used often. Are you unsure about the fundamentals of financial notes? Are you trying to sell a note? American Equity Funding (AEF) offers the following basics concerning these two important terms:
AEF Blog
Mortgage Note Ownership
Following the decision to sell your owner financed mortgage to a note buying company such as American Equity Funding (AEF), you may wonder who actually owns the note. American Equity Funding owns each mortgage note it purchases and also receives the payments. In many cases, however, the notes are brokered to a bank or other financial institution. The payments are then received by the new buyer and AEF simply ensures a smooth process.
Mortgage Buyers and Note Ownership
You may wonder who actually owns your owner-financed mortgage after you sell your note to American Equity Funding (AEF) or other mortgage buying companies. Following the purchase, we (AEF) own the note and receive the payments. In many cases, however, it is in our client’s best interest to broker the note to a bank or […]
Buy My Mortgage Note
As the holder of an owner financed mortgage, perhaps you have experienced a similar situation like the following; when it was time to sell your mortgage note, the buyer was only interested in purchasing the note at a discount. It seems odd that the buyer would only want to acquire your valuable note at a […]
Mortgages, Deeds of Trust, Promissory Notes and Land Contracts
As a mortgage buying company and due to our knowledge and experience in the industry, American Equity Funding is often asked for clarification on the various types of lending agreements that are available as well as which ones are best and why. The following will define, compare, and explain the basics of mortgages, deeds of […]