New Age Funding

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How Does Mortgage Note Financing Work? 

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Mortgage Note Financing

     Mortgage Note Financing is the purchase of all or a portion of your privately held, owner financed note for cash.  Your future payments can be converted into the cash you need today.  You may even sell future payments today while still receiving current payments.  Selling your note allows you to receive a one-time lump sum of cash rather than small payments over time.  Real Estate notes can be residential, commercial, or vacant land.

• Residential Notes are created by the sale of residential properties, including houses, townhouses, condominiums, and 1-4 family rental units.

• Commercial Notes are created by the sale of any type of commercial (business) property including office, retail, apartment (more than 1-4 family rental units) and industrial properties.

•  Vacant Land Notes are created by the sale of developed or undeveloped land not designated as a specific use property such as farm land or waste storage.  This category does not include land that has been improved for development and building.

     Reasons to sell...

1.  ACCESS   People need and want access to their cash.  Ther may be a serious need to pay off credit cards, finance long-term medical care, or settle a divorce.  People may simply have a desire to purchase a dream home, take a vacation, buy a new car or boat, finance a wedding, or start a business.  In some cases, people want access to their cash just for peace of mind.  They no longer want to worry about liquidity issues, collection hassles, or the financial strength of the person who owes the debt.

2.  INTEREST OR YIELD   People will sell their income streams because they know with cash in hand today, they can start earning interest or yield or improve their return on money.  Interest or yield is what gives us the ability to invest money now so that it may grow to larger amounts in the future.

3.  INFLATION   Inflation eats away at the future value of "buying power" of money.  You are able to buy more today with a dollar than you will be able to 5, 10, or 20 years from now.  People sell their income streams because they realize that over time, the payments they receive will decrease in real value.  Small payments over a long period have less buying power.  A lump sum of cash today can provide you with the financial stability and flexibility you desire.

NEW AGE FUNDING can facilitate the sale of existing private mortgage notes, portfolios of residential or commercial notes, or arrange point-of-sale funding, also called a Simultaneous Closing.