Note Basics 101- Selling Your Mortgage Note

Written by Frederick B Webb Jr.


Continued from page 1

*Additionally,

Investor quotes will also be contingent on:

Satisfactory credit ofrepparttar payor (based on analysis of personal credit history from credit reporting agency) Verification thatrepparttar 148617 property currently appraises at or above its stated value (based on drive-by appraisal) Verification thatrepparttar 148618 title is free of defects (via updated mortgagee's title policy) =======================================

The next thing that needs to be understood isrepparttar 148619 way purchases can structured and how they affectrepparttar 148620 payout options.

Below you will findrepparttar 148621 typical payout options:

Full Purchase Option - The investor buysrepparttar 148622 entire note. This alleviatesrepparttar 148623 seller ofrepparttar 148624 responsibility to collect payments inrepparttar 148625 future and to be completely done withrepparttar 148626 note all at once.

Straight Partial - The investor purchases a predetermined number of payments in order to meetrepparttar 148627 seller's cash requirements.

Afterrepparttar 148628 last payment of that predetermined term ends,repparttar 148629 balance onrepparttar 148630 note reverts back torepparttar 148631 seller.

Reverse Partial - The seller receives a lump sum and continues to receiverepparttar 148632 full payment amount for a specified period of time.

This solution is appropriate whenrepparttar 148633 seller needs a large amount of cash at closing but also wants to receiverepparttar 148634 monthly payments for a while.

Split Payment - The investor purchases half ofrepparttar 148635 seller's monthly payment;repparttar 148636 seller continues to receiverepparttar 148637 income fromrepparttar 148638 other half.

Balloon Only - The investor purchases onlyrepparttar 148639 balloon due atrepparttar 148640 predetermined date onrepparttar 148641 promissory note.

This alternative works in situations whererepparttar 148642 seller needs some cash at closing but doesn't want to wait 30 years to collectrepparttar 148643 balance.

Once again. It's that simple.

Now all you need arerepparttar 148644 forms to submit your note information to a note investor and Direct Access torepparttar 148645 note investors waiting to buy them.

Where to go from here...

In addition to understanding these simple basics, you now need to decide whether you wish to userepparttar 148646 services of a broker or whether you'd rather handle it yourself.

Up until now, I would have always recommended a broker.

Brokers are inrepparttar 148647 know as it relates to "who" is buying notes and paying fair prices for them.

Also, brokers can submit your notes to these buying parties on your behalf.....saving you time.

Knowing what I know today about how people get ripped off by brokers, I no longer recommend going this route.

That kind of things brings notoriety onrepparttar 148648 profession.

Please don't misunderstand, not all brokers are bad. I have published an article called 'Picking The Right Broker', you can access it at: www.mortgagenotecash.com/TheRightBroker.htm =======================================

Now that you know what factors determinerepparttar 148649 value of your note and whatrepparttar 148650 typical payout options are, I strongly recommend selling your note yourself....

because, even though using a broker saves you time, it does not save you money......nor is it supposed to.

We have created what we callrepparttar 148651 Direct Access Directory and it gives yourepparttar 148652 same contact information brokers use to place your note with a new buyer.

Why not find and pick your own buyer? It'll save you thousands on fees you would otherwise have never seen.

So, if you are ready to save hundreds or even thousands of dollars bypassing note broker fees and dealing withrepparttar 148653 actual note investors directly, you need to get your copy of our Direct Access Directory.

For more information aboutrepparttar 148654 directory, go to: www.mortgagenotecash.com/directaccess.htm



Frederick Webb is a Certified Cash Flow Consultant and is President of Webb Funding Group, a small debt brokerage firm he runs with his wife, Kashita Webb.

For more information, visit their site: www.mortgagenotecash.com


Success Trading: More Basic Terminology for New Traders

Written by Chuck Cox


Continued from page 1

The important thing about using indexes to help your trading was mentioned earlier. During Bull Markets, you can expect 65% or more of all stocks to be rising so if you look to buy during Bull Markets,repparttar odds are very much in your favor. Of course,repparttar 148600 opposite is true withrepparttar 148601 Bear Markets. Another characteristic of these two markets is that Bull Markets generally last 2-3 years, while Bear Markets last only 1-1 years. So its a very good idea for new traders to get inrepparttar 148602 habit followingrepparttar 148603 indexes early in their learning. This will give you a tremendous advantage.



Chuck Cox is a Technical Writer and Industrial Scientist by professional with a background in statistics. He has used mathematical and statistical methods to invest and trade in the stock, futures, and options markets. Chuck has owned various businesses and presently operates several websites. To investigate a new business idea, visit his website, http://www.earncashathometoday.com/trading-stocks.htm


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