What is mortgage note and why important

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What is mortgage note and why important

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The mortgage note is a promise between buyer and seller. According promissory note buyer have to pay a specified amount to the seller after a specified time duration. – PowerPoint PPT presentation

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Title: What is mortgage note and why important


1
What is mortgage note -
The mortgage note is known as a real estate note,
promissory note, etc. It is a written promise.
According this we have to pay money plus interest
after a specified time. If you sign mortgage note
then you have to pay money in a periodically
order.
2
Types of mortgage note -
  • Fixed-rate mortgage
  • Graduated Payment Mortgage (GPM)
  • Adjustable-rate mortgage (ARM)
  • Balloon payment mortgage
  • Interest-only loan
  • Negative amortization

3
Why promissory note is important -
The mortgage note is very important note. If you
deal in real estate. And you want money by buyer
after a specified time duration, then you have to
sign a mortgage note with the buyer. This is
promised by buyer. According this promissory note
buyer pay you money after a specified time
duration.
4
Risks of mortgage note -
  • There are some risk of the mortgage note -
  • Credit Risk.
  • Interest rate risk
  • Prepayment risk, etc.

5
First Equity Note is a Mortgage Note (Promissory
Note) selling company. For more info Visit -
  Website - http//www.dreamprotector.net Addr
ess -   490 Maplehill Rd, Rochester Hills, MI
48306.   Contact Info -   Office
248-650-3535   Fax 248-650-8161
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