Absolutely. If the big banks can sell their mortgages, you can sell your mortgage note too. In fact, you can complete the sale in as little as 30 days. Scholar Investments offers fast, friendly service to help you sell your mortgage note with ease.
How to Sell a Mortgage Loan
Selling your mortgage note is simple. Here’s how the process works:
- Get a free mortgage note evaluation
- Review and accept our no-obligation cash offer
- Send us a copy of the mortgage note, payment history, and—if available—the closing statement
- Choose your preferred closing date
- Sign the closing documents
- Receive your funds via bank transfer or mailed check
- The borrower continues making payments to us—nothing changes for them
- Say goodbye to the risk and hassle of holding a mortgage note
Ready to Get Started?
Your first step is a free mortgage note evaluation. Here’s what we need to begin:
1. Mortgage Note Terms
You’ll find all the necessary details on the mortgage note itself. We’re looking for:
- Sales Price
- Down Payment Amount
- First Payment Date
- Interest Rate
- Monthly Payment Amount
- Balloon Date (if applicable)
- Borrower’s Name and Current Address
Already have the note handy? Great. Just email or fax it to us—we’ll take care of the rest.
2. Property Details
The value of the property directly impacts the value of your note. We’ll cover all costs to assess it, but we’ll need:
- Property Type
- Property Address
- Estimated Value
- Occupancy Status (vacant, rented, owner-occupied)
- Land Size
3. Your Contact Information
Just your name and preferred contact method will get us started.
Frequently Asked Questions
How long does the evaluation take?
We typically provide a quote within 24 hours. Commercial properties may take up to 48 hours.
What does the evaluation cost?
It’s completely free. Just give us five minutes of your time—we’ll handle the rest.
What happens after I receive the evaluation?
We’ll present two payment options and walk you through the pros and cons of each. No pressure—just the information you need to make the best decision.
What types of notes do you buy?
We purchase notes secured by:
- Owner-Occupied Single-Family Homes
- Townhouses, Mobile Homes, and Manufactured Housing
- Single-Family Rentals
- Multi-Unit Properties
- Commercial Properties
- Vacant Land
Can I use a mortgage note calculator?
Unfortunately, no. Private mortgage notes require manual underwriting due to the many variables involved. Automated tools just aren’t accurate or cost-effective.
Can I sell a trust deed note instead?
Yes. Trust deed notes can be sold just like mortgage notes. The evaluation process is exactly the same.
What’s the difference between mortgage notes, trust deeds, promissory notes, and real estate notes?
These terms are often used interchangeably. Legally, your documents will likely refer to a promissory note. Mortgage and trust deeds are security instruments that protect the note. Real estate notes is a broader term that includes both.
For a deeper dive, check out: Promissory Note vs. Security Instrument.
