There has never been a better time to sell a Michigan mortgage note or promissory note, so if you’re wondering “Can I sell a private mortgage in Detroit Michigan?” the answer is: you absolutely can!
Interest rates are very attractive right now but that could change at any moment, and interest rates could start climbing any day now. (We at Detroit Real Estate Investments are always paying attention to interest rates and their impact on mortgage values).
The market value of a mortgage note is inversely related to the value of the general interest rate. In other words, if interest rates go down, the market value of a mortgage note goes up. But when interest rates goes up, the value of your mortgage note goes down – which is the situation we are currently facing right now.
Can I sell a private mortgage in Detroit?
Obviously you want to get the most you can for your mortgage note, promissory note, real estate note, or other similar real estate paper investment.
When it comes to maximizing your profit, timing is everything: Wait only a few days too long and the value of your Michigan real estate note could plummet because interest rates increased before you took action!
If you believe that interest rates are going to go up in the near future (and the Magic 8 Ball says, “All signs point to ‘Yes!’“) then you should consider selling all or part of your private mortgage or real estate note for cash.
Here’s the next step:
Determine the cash value of your private mortgage
The benefit of selling your private mortgage payments for cash is obvious.
Cash can be used to pay off debt, invest in other investments with a higher potential yield, or simply spend it on things you need, such as a home, cars, tuition payments, and so on.
Practically every mortgage note can be sold for cash – even those notes where the payments are not being made on a timely basis.
You can get a FREE “CASH OUT” QUOTE on your private mortgage by contacting Detroit Real Estate Investments today at (248) 905-1531 or by filling out the brief form on our website.
This makes selling your mortgage note for cash an especially attractive option if you are having collection problems or if you potentially are facing foreclosure on the property.
So, how can I sell a private mortgage in Detroit?
It’s never been easier. If you want to sell all or part of your private mortgage before interest rates go back up, now is an excellent time to do it.
If you are interested in learning more your options for selling all or part of your real estate note in Detroit, call us at (248) 905-1531 or click here to learn more about your options and to get a fast-fair Quote on your Detroit Michigan mortgage note payments.