WHAT IS MY NOTE WORTH?
There are a lot of factors that go into determining the value of a mortgage note. The type of property, lien position, loan amount, loan status, and loan term can impact the value of a note. For example, is the note performing? We buy delinquent loans, but getting a borrower back into an active status can affect the price of the notes, simply because it’s more work and takes more time.
- Is the note performing or non-performing?
- What is the interest rate?
- How long is the loan term?
- What is the unpaid balance of the loan?
- What kind of property is the lien against?
- Is the lien 1st position or 2nd position?
Notes with more mature seasoning that possess a higher loan interest rate and/or shorter term will fetch a higher price, as these are more valuable in the marketplace.
The best way to see what we can offer is to complete the form below for a no-obligation quote. It’s that easy.