How Sellers Create Mortgage Notes by Quick Response

New site www.quickresponse.us lets sellers create mortgage notes. Mortgage note creation is ideal for sellers of real estate. For sellers seeking to sell real estate, sellers can excise an option to create a mortgage note.

Mortgage note creation allows sellers to collect the down payment from purchasers, offer terms, interest rates and other conditional clauses, such as governing law, seller and purchaser information, property taxes, insurance, and property location.

Sellers can forgo traditional bank financing for their purchaser's. Banks with tighter lending standards purchasers may not qualify for a mortgage loan with marginal credit.

It's easier these days for sellers to offer an alternative type of mortgage note financing that can accomplish their objectives in selling real estate.

Kevin Sanders, CEO for Quick Response, states, "a typical mortgage note has a down payment of 10%, terms of 10 years or more and a interest rate of 8%. Purchaser preferred credit score is 600 or higher."

As a buyer of notes, Sanders states, "variations may apply, generally the above structured mortgage note would pass as acceptable to buy, with everything else being equal."

Recent studies suggest 15 to 20 percent of the market sold real estate account for sale–by-owner. For sale-by-owner transactions most are between people, who know each other in advance, such as family or acquaintance.

"Armed with these facts, sellers of mortgage notes can begin to forge favorable relationships in the mortgage note creation process,"Sanders said.

"Sellers can begin to record their purchaser's mortgage payments with the three major credit bureaus, that will build the purchaser's verifiable payment history and shift the purchaser's credit score upward," Sanders said.

Sellers are better equipped to establish methods to assist purchasers if they have marginal credit that are mutually beneficial to both parties.

When sellers opt to offer an alternate to traditional bank financing, sellers will find mortgage note creation a useful solution in selling real estate.

At present, Quick Response is aggressively seeking to purchase mortgage notes in Arizona, Colorado, Texas, New Mexico, Florida and the Las Vegas, NV area. Private funding is available and can close quickly.

Go to www.quickresponse.us