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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.
Types of mortgage note :-
Fixed-rate mortgage Graduated Payment Mortgage (GPM) Adjustable-rate mortgage (ARM) Balloon payment mortgage Interest-only loan Negative amortization
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.
Risks of mortgage note :-
There are some risk of the mortgage note :- Credit Risk. Interest rate risk Prepayment risk, etc.
First Equity Note is a Mortgage Note (Promissory Note) selling company. For more info Visit :- Website :- http://www.dreamprotector.netAddress :- 490 Maplehill Rd, Rochester Hills, MI 48306. Contact Info :- Office: 248-650-3535 Fax: 248-650-8161