Should You Sell or Keep Your Owner-Financed Note?
Selling or keeping your mortgage note is a personal matter, and the answer always depends on needs, timing, and preferences. Let’s delve into a real-life example for perspective and understanding. Selling a Note A client of American Equity Funding was interested in...
Advantages of a Mortgage Note Tax and Insurance Escrow
A crucial step when creating a mortgage note is deciding whether the borrower or lender willassume responsibility for paying property taxes and insurance premiums. Establishing an escrow(impound) account for a loan offers the advantage of monitoring tax and...
Understanding Owner-Financed Mortgage Notes
Do you dream of owning a home but feel overwhelmed by getting a mortgage through a bank? Or are you a property owner who wants to sell quickly without the bank’s lengthy processes? Owner-financed mortgage notes are a simple and powerful way for buyers and sellers to...
