The Importance and Need of Financed Mortgage Notes
Owner-financing is also known as seller-financing and it is used for properties that are sold privately, without the use of a traditional bank. The seller of the business finances the sale themselves and carries back a business note or mortgage note. The business seller acts as the bank collecting interest on the money that is lent. The transaction is beneficial to both buyers and sellers as it allows the property sale. The process is much quicker than the traditional transactions using a real estate agent. The financed mortgage notes can be excellent to yield higher investments in the long-term basis. The financed mortgage notes help to meet the unforeseen emergencies. It includes Preparing of the estate Settlement of legal matters Purchasing a new homePayment of the unforeseen medical procedures Making full use of attractive investment opportunities New business starting Completion of college education and re-training Going for a dream vacation Purchasing a new v