Let’s look at how You Can Sell Your entire Mortgage Note or just Sell part of your mortgage note and create a future annuity
Here are two examples to give you an idea of some of the options you have when selling your note to American Funding Group, one of the nation’s trusted note buyers.
1)- Sell Part Of Your Mortgage Note, And Keep the Remaining payments
Maybe you want all or most of your principal that is stuck in the mortgage note … but you still want to receive some of the future payments as well for to increase your return over the term of the note.
Let’s say you have a first position $100k private mortgage at 10% for 10 years with 8 years remaining and you’re receiving monthly payments of $1,321.51. Maybe you don’t want or need all your cash now, so when you sell mortgage note, you’d like to look at options.
You can sell 43 payments to American Funding Group for $40,094* in cash today, and you’d receive the mortgage back after those 43 payments… and you will continue to collect the remaining $56,432 on the note.
See what other notes sellers have had to say about American Funding Group.
Example #2 – Sell Your entire Mortgage Note
Maybe you are just ready to move on and regain control over the cash locked inside your note… and want to sell your entire mortgage note (all of the remaining payments to become fully released from the burden and the administration of that note (taxes, insurance, collection, etc.).
Let’s say you have a second position $50k private mortgage note at 10% for 20 years with 10 years remaining and you’re receiving monthly payments of $482.51. But the borrower has been late on their payments… and even missed a few payments recently and you just don’t want to have to worry about chasing them for payments or foreclosing on the note.
You’ve already received your principal back plus some, and you’re ready to move on.
You can take the remaining 120 payments and sell mortgage note to American Funding Group for $32,012* in cash today and be completely rid of even having to think about that note or the payments being made ever again. We’ll take the note over, any collections headaches, and if the borrower stops paying… that’s our problem NOT yours.
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* The purchase amounts in the examples above are for illustration purposes only. The purchase amounts will vary depending on the current interest rate environment. See what we can offer you when you sell mortgage note today by calling (772) 232-2383 or submit your info in the short form above to get started.