Three Factors for Mortgage Note Sellers

DMO Direct Funding considers a number of factors when it offers a quote on your Mortgage Note or Deed of Trust. Needless to say, we can’t list them all in a short, readable article, but what we can do is point to three major factors that influence the quotes we’ll give you:

Mortgage Note Paperwork

If your Mortgage Note or Deed of Trust is properly drawn and free of ambiguous language or strange conditions, it’s easier for us to value and easier for you to understand. This rule also applies to information about the property. If you come in with a clear, complete description of the property it eases the selling process. Organized, detailed paperwork helps you avoid fees and helps us process your Mortgage Note – and pay you – more quickly. This factor is just common sense.

Mortgage Note Seasoning

We prefer well-seasoned Mortgage Notes. What is “seasoning?” Basically, it’s a history of successful payments on the note. If a Mortgage Note or Deed of Trust has a history of regular, timely payments it earns a preferential estimate. On the other hand, you shouldn’t worry too much about how seasoned your Mortgage Note is, as we have a wide range of options available to cover many different situations.

Mortgage Note Term Length

Your Mortgage Note’s sale value also increases based on how short the payment term is. The shorter the term, the more your Note or Deed of Trust will sell for. Balloon payments are another positive factor. In essence, the faster it’s paid, the better we pay. Nevertheless, we don’t automatically turn away Mortgage Notes with longer term lengths and can still offer you competitive prices.

Take the Next Step

Now that you know a bit more about what goes into our estimates, Get a no-obligation quote on your Mortgage Note and see how these factors and others can benefit your pocketbook.