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If you are holding a mortgage note for
someone or receiving mortgage payments and would rather have cash in your hand right now, you
need what is called a "Note Buyer."
Note Buyers will buy the mortgage from you for a cash payment,
because they will then gain the benefit of earning the monthly
interest payments.
Selling your mortgage to a Note Buyer allows you to have all of the
money in one lump sum that you would have otherwise had to have
waited 20-30 years to receive with monthly payments.
You can then use the money for needed things such as;
- Buy a new car
- Move to a newer home
- Home improvements
- Education
- Pay off high interest credit cards
- Open your own business
- End the uncertainty/hassle of monthly mortgage payments
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