Preferrednoteinvestors

  With the recent news of increasing mortgage rates, seller-financed, owner-financed, or else installment sales of property (both residential and commercial) should augment. Rising mortgage rates make sales hard for both buyers plus sellers alike. Buyers with less-than-perfect credit will look for methods around dealing with conventional lenders plus their strict lending guidelines. Higher mortgage rates also mean that there are less highly-qualified buyers in the trade pool. Sellers can bypass the customary lending route and use sell promissory note to self-finance transactions. Buyers – Sell Promissory notes are beneficial to buyers who do not qualify for conventional mortgages because the seller acts as the bank and finances the loan. The trade off is an elevated interest rate since the seller assumes a high risk. The home or else business serves as the collateral plus an agreed upon down payment is the safety for the note. As long as the purchaser makes the agreed payments, they