LISTEN HOW:

Note buyers are essential in the real estate and financial industries because they help to provide liquidity and investment possibilities.

A real estate note, or mortgage note, is a formal document that shows a borrower’s commitment to pay back a loan taken to buy a property.

There is a loan agreement between a borrower and a lender in this legally binding paper. People sometimes refer to it as a business promissory note.

Cross collateralization lets borrowers use one or more assets as collateral for multiple loans. Lenders often use this method for personal loans