Food for thought when deciding on a loan management platform
Friday, October 31
Many folks believe the main way to reduce the amount of loan defaults is to manage loan origination. However, once a loan is issued, your loan management systems and software is the only method you have at your disposal to minimize defaults and delinquencies. Frequent audits to identify cash flow...
Seller Financed Mortgage Notes
Sunday, July 08
A common way a house is sold is for the buyer to put some money down on the purchase and borrowing the rest from a bank. In some situations, the buyer for various reasons, might be unable to obtain traditional financing and in some cases the owner is willing to provide some buyer the financing. ...
Five Reasons I Am Addicted To Discounted Performing 2nd Mortgage Notes
Monday, July 02
Passive income - Mortgage notes are truly passive income. For performing notes, there is very little work that needs to be done. Cash a check and monitor the status of the first mortgage.Attractive Returns - For notes backed by a mortgage in first position, return are normally in the 5 to 12% ran...