|
Will
I incur any expenses when I sell my mortgage?
|
| Not usually. Most mortgage
buyers pay all closing
costs associated with the sale of your mortgage. |
|
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an ad.
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| How
much can I expect to receive for my mortgage? |
| It depends. The buyer
will need to
review the documents to see the terms of the mortgage such as the
interest rate and other variables. By placing your mortgage for sale
on our Listing Service you have the opportunity of having several
offers to compare. |
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an ad.
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| How do I get
an offer? |
| To start the process of
selling your note, you'll need to place a listing. The listing is
FREE for 3 months. This includes a picture of the property and posting the
mortgage documents on-line. There are no other charges made by us.
You may fax us a copy of your note, mortgage and closing statement
to place with your listing Fax to 1 (206)
666-1880. |
|
Place an ad.
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the Top |
| Can
I sell a portion of my Note? |
| Yes. You can sell whatever
your financial needs require, which allows you to keep the payments
when the note is returned to you. Generally speaking, the smaller
the number of payments you sell, the greater the discount taken by
the mortgage buyer. |
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an ad.
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| How
will selling my note affect the payer? |
| The payer experiences no
change in his note. The only change will be the address where he mails
his payment. |
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an ad.
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| How
long will it take to close and get my money? |
| This will depend on the
buyer. But usually they can close within 10 business
days. |
|
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an ad.
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| Why
are mortgages discounted? |
| Generally the mortgage
you own is being paid by someone who could not qualify for a
conventional mortgage or who made a smaller down payment than
would usually be required. Also the interest rate may be less than
market rates. The discount is to compensate the mortgage buyer for
all of these factors. As well as covering their closing costs and
due diligence into your mortgage. By placing an ad with us you expose your
mortgage to as many buyers as possible so you can get the maximum
amount. |
|
Place
an ad.
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|
What
is the difference between your company and others? |
| We the only Nationwide
service to advertise your mortgage. We charge NOTHING for a
listing that
includes a picture of the property and even
the posting of on-line documents. We are the only company that is
a true market place for your mortgage and provides you with tools
to help you manage your mortgage, or sell it for cash if you wish. |
| Place
an ad.
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