Can I Sell My Private Mortgage Notes?Written by Afra AmirSanjari
In this country millions of homes are sold every year. In most cases buyers go to a bank or finance company to seek mortgage financing. In some cases, 200,000 in U.S., home buyers rely on seller rather than a financial institution to provide financing because: • The purchaser may not qualify for a traditional mortgage. • The purchaser may be a relative looking to save on closing fees. • The seller may be interested in having a long-term income stream. Often seller is pressured into providing financing for purchaser instead of receiving a lump sum. This forces seller to assume role of a mortgage company, worrying about servicing and collecting a monthly income stream. A stream, which may or may not be consistent, depends on payer's ability to meet their monthly obligations.
| | What Is Cash Flow?Written by Afra AmirSanjari
Cash flow simply means money that comes into and leaves a business or household. Money flows into a business in form of revenues and out through form of expenses. Money flows into a household in many forms. Are you receiving money from a structured settlement or lottery? Those are incoming cash flows. Do you owe money to anyone? Those are outgoing cash flows. While owner financing can trace its roots much further back into history, it was 1980s that really saw a new beginning in Cash Flow Industry. Today there are more than 60 income streams that can be bought and sold. An income stream is a future series of payments. More technically, an income stream is a financial obligation or debt that one party owes to another party. How Can You Benefit from Cash Flow? Individuals and businesses sell income streams for three basic reasons: • Access — it may be a need to pay debt, settle a divorce, purchase a home, take a vacation, finance a wedding, start a new business, etc. Whatever income stream you currently have that you may need cash for immediately.
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