There are a lot of factors that go into determining the value of a mortgage note. Factors such as loan amount, loan term, the type of property, lien position, and loan status can all impact the value of a note.
Is the note performing for example? The PaperBroker buys delinquent loans, but getting a borrower back into an active status can affect the price of the note, simply because it’s more work.
- Is the note performing?
- What is the interest rate?
- How long is the loan term?
Notes with more mature seasoning that posses a higher loan interest rate and/or shorter term will fetch a higher price, as these are more valuable in the marketplace.
The best way to see what The PaperBroker can offer is to submit loan information for a quote. It’s really that easy.