Here are two examples of how note holders can sell mortgage notes and turn future payments into one large cash payment.

There are a number of ways we can structure the sale of all or part of your note, to help you get the cash you need on your terms.  As you know, there’s a tradeoff of time vs. money when you sell your mortgage note.  The known vs. the unknown.  These two examples below help walk you through a couple scenarios to give you an idea of some of the options you have in selling your note to Big Sky Funding Group team, one of the nation’s trusted note buyers.

Example #1 – Sell part of the future payments to us, and keep the rest.

Maybe you want all or most of your principal balance that remains in the mortgage note, but you still want to receive some of the future payments to increase your return over the term of the note.

Let’s say you have a first position $100K private mortgage at 10% interest for 10 years with 8 years remaining and you’re receiving monthly payments of $1,321.51. Maybe you don’t want or need all of your cash now, so when you sell the mortgage note, you’d like to look at options.

You could sell 43 payments to the Big Sky Funding Group team for $40,094 in cash, and you’d receive the mortgage back after those 43 payments… and then continue to collect the remaining $56,432 on the note. Your Benefit: You’ll have immediate use of $40,094 in cash, plus you’re not losing any principal (in fact you’re still earning a positive return)

Yes! I’d like to get a fair cash offer on my note!

Example #2 – Sell all of the remaining payments on your private note.

Maybe you are just ready to move on and regain control over the cash that is locked inside your note, and want to sell your mortgage note (all of the remaining payments to become fully released from the burden and the administration of that note (taxes, insurance, collection, etc.).

Let’s say you have a second position $50k private mortgage note at 10% interest for 20 years with 10 years remaining and you’re receiving monthly payments of $482.51. But the borrower has been late on their payments… and even missed a few payments recently and you just don’t want to have to worry about chasing them down for payments or having to foreclose on the note.

You’ve already received your principal back plus some, and you’re ready to move on.

You can take the remaining 120 payments and sell your mortgage note to the Big Sky Funding Group team for $32,012 in cash and be completely rid of even having to think about that note or the payments being made ever again. We’ll take the note over, along with any collections headaches, and if the borrower stops paying… that’s our problem NOT YOURS!

Your Benefit: You’ll have immediate use of $32,012 in cash rather than waiting 10 years + the headaches of dealing with this flakey borrower are gone!

Interested in learning more?  Submit your info below or give us a call today at 928-528-8028. 

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