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What are some things that one should know before becoming a mortgage note buyer?
Wiki User
∙ 10y ago
Before becoming a mortgage note buyer it is important to know that several types exist. The loan can have a fixed rate and payment, a fixed rate with adjusting payments or floating interest rates and payments (FRM, GPM,ARM respectively). It's worth checking out the interest trends, to see which mortgage is more favorable to you. For example, a FRM mortgage interest rate might be .125% lower then another ARM one, but if the trend suggest that interest rates will fall one might still opt to take out an ARM mortgage note.
Wiki User
∙ 10y ago
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