We have been purchasing notes, mortgages and real estate contracts for over a decade and we pride ourselves on a unique client experience at the best price possible.
If you’re considering selling your mortgage note, you may be wondering how long the entire process takes. You may have also heard terms like simultaneous closing or concurrent closing. So what do these terms really mean? What is Simultaneous Closing (SIMO)? SIMO Meaning: A simultaneous closing (SIMO), often referred to as back-to-back closing, is a…
Even though life is unpredictable, you can rest assured that there exists options that can make the process of buying a house easier. Porting your mortgage is one such option. While not always straightforward, mortgage porting can come in handy when your circumstances suddenly change, such as when you want to move, buy a new…
When buying a home, there are a lot of extras you’ll need to consider besides your mortgage. One example is title insurance, which financial institutions require you to purchase before providing a home loan. You’ll also have the option to buy title insurance for yourself. What Is Home Title Insurance? Home title insurance is a…
When most people think of a promissory note, they think of a loan agreement between two individuals. But did you know that you can also use a promissory note to secure a home equity line of credit (HELOC)? A promissory note for a HELOC is a credit agreement between the homeowner and the lender. The…
Promissory notes and loan agreements are documents that outline the details of a loan. They both outline the terms of the loan, including repayment terms, and act as legal documentation with remedies should a loan go unpaid. Although promissory notes and loan agreements are similar, there are key differences between the two. For example, promissory…
Consumers and companies use the abbreviation BPS regularly in finance. The term may come up as you apply for a mortgage loan, when you sell a mortgage note, or any other loan for that matter. Mortgages and other loans aren’t the only financial instruments where you may encounter the term BPS. It could be used to…
Selling a property can be a long and arduous process, especially if you’re looking to get the best return on your investment. Many real estate investors are unaware of the 721 exchange, which can help them get a lump sum for their property while deferring taxes. By leveraging the 721 exchange, real estate investors can…
Selling your home at a profit is a financially rewarding experience. However, knowing what to do with home sale proceeds can be difficult. There are several options to consider: you can invest the money from the sale of your home, use the money to pay down debt, or purchase another property. In this article, we’ll…
The concept of the time value of money has been around for decades. Below, we’ll examine why the time value of money is so important and how people can actually use it to their advantage in real estate. What Is the Time Value of Money? The time value of money or TVM is an important…
Holding an estate sale is no easy task. You often have to sort through a loved one’s belongings, set prices, advertise the sale, and manage the event, all while trying to keep up with your own roles and responsibilities. Still, it can be done with a bit of planning and forethought. If you need estate…
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