Anyone who wishes to sell a mortgage note should know its market value so that you get the best deal. Top mortgage notes buying companies in California, such as BGK Investments, can help you ascertain the true value of your mortgage note. Here are the most important things that are considered while buying mortgage notes in California.
TYPE OF PROPERTY
- The type of property held by the mortgage note is obviously the most important criterion. Equally important is the said property’s current market value.
- The interest rate on the face of the mortgage note.
- The prevailing interest rate – Real estate experts at BGK Investments, top mortgage notes buying firm in California, say that increasing mortgage interest rates will negatively affect the market value of fixed-rate mortgage notes.
- The size of the cash down payment made at closing.
- Owner’s equity the borrower has in it.
- The number of monthly payments remaining on the mortgage note. Shorter term mortgage notes are valued more highly than longer term mortgage notes, say experts at mortgage notes buying company, BGK Investments at California.
BORROWER’S CREDIT SCORE
- The higher the borrower’s credit score, the higher the market value of a mortgage note, say mortgage note buying experts in California, BGK Investments.
Make sure that you go to a mortgage note buying company that offers you honest deals. Only a few experienced and reputed companies, such as BGK Investments in California, will help you get the best value for your mortgage note.
Property investment experts at California, BGK Investments explain hot it is determined whether a particular mortgage note is sale-able or not.
Down payment is the primary factor to decide whether a note is any good. The down payment (or cash from the property buyer to property seller at the time of sale) will determine if the loan can even be sold at all. The more money a note seller will collect as a down payment, the more money the note will sell for when it comes to liquidating the property. To get great offers from investors, there should be at between 20 and 30%, with 10% being the least down payment for any offers at all. Ask California’s top property investment experts, BGK Investments for the best deals on mortgage notes.
CREDIT OF BORROWER/PROPERTY BUYER
The higher the credit of the property borrower, the more money the mortgage note will sell for. If their credit is 600 or higher, the note has a chance of selling.
RECOURSE vs. NON-RECOURSE
If you are selling your property (commercial or residential) to a corporate entity, family trust, non-for-profit, etc., a mortgage note with no recourse (aka – no personal guarantee/no guarantor) can mean a loss of thousands of dollars. The guarantor should also have a good credit score, for it to make any difference. Investment properties advisor, BGK Investments, provide you the best possible service on every note transaction as if it were their own.
Being a mortgage holder is one of the premium money making options in the US. It simply happens by providing seller financing on a home sale. The major profit is earned through the competitive rate of interest secured by real property. Some of the premium benefits enjoyed by all mortgage holders are listed below-
1. Higher Rate of Interest
The process of becoming a mortgage holder is simple; a person can mortgage or lend money to a third party against a property he owns and mutually decide the long-term principal and interest payments. These payments may be negotiable however; the interest amount is normally on the higher side which acts as one of the premium money making options for the mortgage owner. This investment option has given boost to rigorous selling and purchase of mortgage notes in the US.
2. Secured Investment
A mortgage note holder makes one of the safest investments as compared to stocks or other options available. Though there is a risk of getting back the loan amount from the borrower but as the security the property mortgage holder has, secures his money and gives him a secured investment option. If the borrower is unable to make the payments, the mortgage holder has complete right to retain his property and recover his money by selling it or renting it out or as preferred by him. On the other hand, firms like BGK investments help mortgage note holders with easy selling of their mortgage notes at competitive prices and get relieved from the stress of payments and installments.
3. A Liquid Asset
Again, this is where BGK investments Inc. and similar firms can help you convert the loan to cash by taking advantage of active market in mortgage notes. We at BGK investments Inc. help individual investors to buy mortgage notes and take over the debt. It means that the mortgage holder does not have to wait for 20 or 30 years to receive his money and get relieved from the stress right away.
BGK investments Inc. is synonymous to easy selling of mortgage notes and loan modification. It is a leading fund acquisition firm in California that offers premium benefits to its clients; Quick closings, Excellent customer service, Competitive quotes, Providing customized options, Strong financial backing, Flexibility on all note purchases, Confidentiality with all transactions and Credibility in the industry are a few to name.
If you’re also willing to sell your mortgage notes with BGK, get going by filling an online form and get your quote or call at Toll Free: (888) 335-3139
BGK investments Inc. is a leading note buying company in Encino, California and is led by Mr. Ben Keisari, who has more than 15 years of experience in the real estate industry. In an endeavor to become one of the best mortgage note buying company, Ben has established a wide network in the industry and has tie-ups with various top financial institutions like Chase, Old Republic Equity Credit Services, Inc., Bayview Financial, United Mortgage Loan & Investment, GE Commercial Finance, GMAC, Wells Fargo, Bank of America, and PNC f.k.a. National City Mortgage.
Ben started the company with a vision to provide one of the best commercial investment services to private as well as national investors in the city, and facilitate easy selling of mortgage notes in town. While most of the people think mortgage selling is a tedious task, BGK strives to make the whole selling process as easy as a piece of cake for the sellers as well as the buyers. All the real estate agents at BGK excel in buying and selling of mortgage notes and also help investors in shortlisting lucrative options for residential and commercial property investments.
We at BGK focus centrally on customer satisfaction and have successfully managed to create a big clientele of happy patrons by offering them the following benefits-
- Quick Closings
- No Out of Pocket Expenses to Note Seller
- Competitive Top Dollar Pricing
- Strong Financial Backing
- Flexible Note Buying Programs Nationwide
- Customized Purchase Option in Writing
- Fair Business Dealings
Besides providing hassle-free dealing to all our clients, we also help them with timely analysis of their mortgage note and know how to make it more valuable. For instants, keeping a fine record and copies of all the payments received or obtaining the timely copy of property insurance policy from the buyer can help in increasing the current value or worth of your mortgage note. Another major concern resolved by BGK is the full or partial selling of the mortgage note; we purchase both, all or part of your remaining payments. It helps you to get a lump sum amount in a single shot that you can use for multiple purposes [solving any financial crisis or invest in commercial or residential property]. With best of our resources and manpower, we strive to provide you hassle-free dealings in California.