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Sell My Note Mortgage Note Purchase DefinitionsSell My Note Mortgage Note Buyers
Sell My Note is the #1 Web Site for Note Submissions, Your direct connection to licensed, professional Mortgage Note Buyers! "...fast cash for my note!" Get Cash for Real Estate Notes, Business Notes, Land Contracts, Privately Held Mortgages, Viaticals and Structured Settlements. Sell My Note submits only to reputable Note Buyers, Note Investors and Master Brokers nationwide. Our Note Buyers, Note Investors and Master Note Brokers compete for your note; therefore, you'll receive only the best offers. We'll have offers for your note, or your client's note, in just a couple days (usually within 24 hours)! Sell My Note offers you the best price for your note:
Sell My Note is ready to CASH YOU OUT!
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1st Remaining Balance - The balance on the first loan. Return
2nd Remaining Balance - The balance on the second loan. Return
Balloon Payment - Large payment that's usually due at the end of the payment schedule. Return
Face Value - The value of the note at creation. Sales price minus the down payment, if in first position. Return
Loan to Value - The ratio between the total loans on the property and the property value. For example (In the following two examples we are showing a 70% Loan to Value):
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Example 1: With a $100,000.00 property value, a 1st loan of $70,000 and no second loan the LTV would be 70%. $70,000 divided by $100,000 equals 70%. |
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Example 2: With a $100,000.00 property value, a 1st loan of $40,000 and a 2nd loan of $30,000 the LTV would be 70% ($40,000 + $30,000 = $70,000). $70,000 divided by $100,000 equals 70%. Return |
Note Balance - The amount remaining to be paid on the note. Return
SFR Owner Occupied - Single Family Residence as a home purchase. Return
SFR Rental - Single Family Residence as a rental. Return
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