Benefits of Selling Your Mortgage Note
AC Associates
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The contract secured by your house, is worth thousands of dollars in a lump sum of cash.
It doesn't matter if it's a new contract or one that's had some payments made.
Each note has it's own characteristics that gives it cash value. Based on your needs, a
Contract Buyer can tailor unique purchase plans that you can benefit from.
Here's two examples on a house which sold for $100,000.00
Example one:
Selling price.......................$100,000
Down Payment .......................$ 21,000
Remaining balance amortized 2o yrs.............$79,000
Interest Rate .........................10%
Monthly Payment ........................$762.37
48 payments have been made totalling....$36,593.76
Current Balance on Principal Owed..............$72,890.71
The contract buyer offers $63,500 CASH
The Seller has received a total of $121,093.76
Not bad for a house selling for $100,000
Example Two: Selling Part of Your Contract:
Selling Price.......................................$100,000.00
Seller Received 48 Payments ........................$ 36,593.76
Contract Buyer Purchases the next 60 payments.......$ 34,500.00
Total Cash to Seller so far.........................$ 92,093.76
After 60 payments, the Contract is returned to the
Home Seller with a balance of ...................... 60,892.03
When you add the total cash to the seller, plus the remaining balance after 60 payments, it
totals $152,985.79
AND, don't forget the interest they'll earn on the remaining balance. Remember, the house
sold for $100,000.00
Selling part of a contract can be very profitable.
Selling your Mortgage Note can be financially beneficial and the possibilities are endless.
If you would like more information, please feel free to Contact Us
I would be happy to give you a free, no obligation evaluation of your Mortgage Note.
It doesn't matter if it's a new contract or one that's had some payments made.
Each note has it's own characteristics that gives it cash value. Based on your needs, a
Contract Buyer can tailor unique purchase plans that you can benefit from.
Here's two examples on a house which sold for $100,000.00
Example one:
Selling price.......................$100,000
Down Payment .......................$ 21,000
Remaining balance amortized 2o yrs.............$79,000
Interest Rate .........................10%
Monthly Payment ........................$762.37
48 payments have been made totalling....$36,593.76
Current Balance on Principal Owed..............$72,890.71
The contract buyer offers $63,500 CASH
The Seller has received a total of $121,093.76
Not bad for a house selling for $100,000
Example Two: Selling Part of Your Contract:
Selling Price.......................................$100,000.00
Seller Received 48 Payments ........................$ 36,593.76
Contract Buyer Purchases the next 60 payments.......$ 34,500.00
Total Cash to Seller so far.........................$ 92,093.76
After 60 payments, the Contract is returned to the
Home Seller with a balance of ...................... 60,892.03
When you add the total cash to the seller, plus the remaining balance after 60 payments, it
totals $152,985.79
AND, don't forget the interest they'll earn on the remaining balance. Remember, the house
sold for $100,000.00
Selling part of a contract can be very profitable.
Selling your Mortgage Note can be financially beneficial and the possibilities are endless.
If you would like more information, please feel free to Contact Us
I would be happy to give you a free, no obligation evaluation of your Mortgage Note.
| Sell your Note,Deeds of Trust, Lottery Winnings, Business Note, Structured Court Settlement or Annuity to a qualified buyer/purchaser.If you are receiving payments and would prefer to have a lump sum of cash now, please call 732.387.8188 |