Rainey Day Financial Services LLC

Key Benefits

5. *Discounting Mortgage Notes - All Inquiries Invited *We buy Mortgages *Ask For Quote

Capabilities

Capability 1

 

The discounting of a mortgage:

Discounting a mortgage is not borrowing money. Once the private party receives their cash, there is no further obligation.

Generally, no added fees or processing costs are charged to the private party.

Processing time and paperwork are kept to a minimum.

 

Capability 2

 

DISADVANTAGES:

The amount made available can be significantly less than would ordinarily be collected directly.

Lenders are very choosy about what types of properties and terms they are willing to discount.

lthough this type of financing has been around for many years, potential clients are not familiar with it, and may not be as responsive as they are to a traditional loan for arranging money.

 

Capability 3

 

RATES & TERMS: DISCOUNTING MORTGAGES
TO make a quote we need answers to these 4 key questions:
1 How many regular monthly payments are remaining?
2 What is the amount of the regular monthly payment?
3 How many months remain until the balloon is due, (if there is one)?
4 How much is the amount of the balloon payment, again if there is one)?