Frequently Asked Questions
Selling Your Owner-Financed Mortgage
Who buys owner-financed mortgages?
We do. American Equity Funding has been purchasing owner-financed mortgages since 1989. We work with individuals across the country who want to turn their monthly payments into a lump-sum cash payment.
Can I sell my owner-financed mortgage?
Yes, you can. If you are receiving payments on a mortgage you financed, you can sell all or part of that note to a company like ours. Many people choose to sell so they can access their money now rather than wait years for payments.
How does selling a mortgage note work?
It’s a simple process:
- You tell us about your mortgage
- We review the details
- We give you a no-obligation quote
- If you accept, we will handle the paperwork and closing
We make the process smooth and easy from start to finish.
How fast can I sell my mortgage note?
Most transactions can be completed in a few weeks. Timing depends on how quickly documents are received and processed, but we work to move quickly.
Do I have to sell the entire mortgage?
No. You can sell all of it or just a portion. Many sellers choose a partial sale so they can get cash now and still receive future payments later.
How much is my mortgage note worth?
The value depends on several factors, including:
- The remaining balance
- The payment history
- The interest rate
- The property type and location
We review each note individually and provide a fair, competitive offer.
Do I have to pay any fees to sell my mortgage?
No. We pay the closing costs. There are no upfront fees and no hidden charges. Our quote is straightforward and easy to understand.
Is there any obligation if I request a quote?
No, there is no obligation at all. You can request a quote, review it, and decide what is best for you. There is never any pressure to move forward.
What types of notes do you buy?
We purchase many types of owner-financed notes, including:
- Residential mortgages
- Land contracts
- Deeds of trust
- Seller-financed real estate notes
If you are unsure what you have, just ask. We are happy to help.
Do you buy notes nationwide?
Yes. We are a nationwide buyer and work with clients across the United States.
Why do people sell their mortgage notes?
People sell for many reasons, including:
- Accessing cash quickly
- Paying off debt
- Making an investment
- Handling unexpected expenses
- Simplifying their finances
Every situation is different, and we work to meet your needs.
Is selling a mortgage note safe?
Yes, when you work with an experienced company. American Equity Funding has been in business for over 30 years and has purchased thousands of notes. We guide you through each step so you feel confident and informed.
What information do I need to get started?
To get a quote, we typically need:
- Basic details about the note
- Payment amount and balance
- Property information
If you do not have everything, that is okay. We can help you gather what is needed.
What happens after I accept an offer?
Once you accept:
- We open the closing process
- We coordinate with a title company
- Documents are prepared and signed
- Funds are disbursed to you
We handle the details so you do not have to.
How do I get started?
Getting started is easy. Simply contact us for a free, no-obligation quote. We will walk you through the process and answer any questions you have.
Still have questions?
We are here to help. Reach out anytime, and we will be happy to talk through your situation and options.