A mortgage note is basically a financial document that tends to detail a particular loan agreement which is used in order to purchase a specific property. If you are opting for a private mortgage note then it is to be held by a property seller or home. So the seller gets to own the particular property outright and he or she has the right to offer the specific buyer the procured mortgage deal. The Purpose of Selling Mortgage Notes People usually sell private mortgage notes for a myriad of reasons but one of the most important reasons to do so is to get instant money for handling immediate needs. This lump sum amount of cash procured after you sell real estate mortgage note are put into use for paying off various debts, investing in vehicles for acquiring higher earning potential, making retirement plans affordable and handling the effects of medical bills. Moreover, it is easier to sell private mortgage note than a conventional mortgage deal. What Is A Promissory Note? A pr