9 10, 2018

What is the Difference Between a Mortgage and a Promissory Note?

2020-09-25T14:13:25-04:00

Is there any difference between a mortgage and promissory note? People use the terms “promissory note” and “mortgage note” to loosely refer to the same thing. But a mortgage and a promissory note are two very different things. How so? Note A promissory note is an IOU (“I owe you”) on a loan. It is a promise to repay the loan amount to the owner. Unlike mortgages or deeds of trust, promissory notes are not recorded in county land records. The lender holds the promissory note while the loan is outstanding. When the loan is fully paid off, the note will [...]

What is the Difference Between a Mortgage and a Promissory Note?2020-09-25T14:13:25-04:00
8 06, 2018

How to Determine the Value of Mortgage Notes

2020-06-16T11:02:55-04:00

How Much is Your Mortgage Note Actually Worth? If you provided seller financing, you may wonder about selling a note to free up cash for other needs. One question is: how much is your note actually worth and how do buyer determine value of mortgage notes? Don’t assume the value is equal to the principal owed on the note. In fact, a note’s value depends on a number of different factors. Is Your Note Sellable? Investors invest money in assets to earn an acceptable return. Notes are the same. That’s why most notes can be sold. But if investors can’t make [...]

How to Determine the Value of Mortgage Notes2020-06-16T11:02:55-04:00
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