Mortgage Note Values

/Tag: Mortgage Note Values
9 10, 2018

What is the difference between a mortgage and a note?

2018-10-09T11:04:58+00:00

The terms promissory note and mortgage note are used as on in the same, but a mortgage and a promissory note are two very different things. Note A promissory note is basically an IOU on a loan. It is a promise to repay the loan amount to the owner. Unlike a mortgage or deed of trust, the promissory note is not recorded in the county land records. The lender holds the promissory note while the loan is outstanding. When the loan is fully paid off, the note will be marked as paid in full and returned to the borrower. Mortgage Typically, [...]

What is the difference between a mortgage and a note?2018-10-09T11:04:58+00:00
8 06, 2018

How to Determine the Value of Mortgage Notes

2018-06-22T12:17:41+00:00

If you’ve provided owner financing on real property that you own, often you find yourself thinking about selling that note to free up cash for other needs. You probably also wonder what your note is actually worth. You may even assume it was simply equal to the amount of principal still owed on the note. The fact is, the value of mortgage notes is based on a number of different factors, and it’s a good idea to understand the things that determine it. Is Your Note Sellable? Investors invest money into things because they want to earn [...]

How to Determine the Value of Mortgage Notes2018-06-22T12:17:41+00:00