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November 29, 2018
What are the real, tangible benefits of investing in mortgage notes? What are the practical advantages for you?
There are many, including:
These benefits are just the tip of the iceberg. The bottom line is that whether you are looking to beef up and supplement your current income, prepare for retirement, add lump sums of cash to your bank account to propel your portfolio, or just level up your long term wealth building – note investing can be a very smart move.
Other advantages of owning mortgage notes include:
After purchasing a non-performing asset, the first rule of thumb is to work with the homeowner to design a payment plan and loan terms that work for their financial situation. The key is to engage the homeowner, build trust and keep their best interest at heart. Often, there are short term circumstances such as a health issue, job loss or divorce that prevents homeowners from making full payments on their mortgage loan. By purchasing the notes from the bank at such deep discounts, you’re able to create a “win-win” scenario until they get back on their feet. Other strategies are payment plan reinstatements, reinstatement with discounts, refinancing, seller assistance, deed-in-lieu of foreclosure and foreclosure as a last resort.
To find out more, please visit us a www.nngcapitalfund.com