Member Since April 22, 2009 , From Mars Hill NC, United States
Note Buyers
About Ron:

Ron is a 30 year financial veteran. He currently buys private mortgage notes created through owner financing. Learn more about how a mortgage note buyer works when you need to sell a note.


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Recent Activity by Ron

Answered: What if i have an Eviction on Credit Report? I ...

Go to each of the credit bureaus' websites (Equifax.com, Transunion.com and Experian.com) that are reporting (some may note be reporting but most credit reports show which ones are reporting each item ...

Answered: When refinancing your home what interest rate ...

While each lender can be different, typically you can lock into a rate that will be your loan's rate once the loan is approved. Most rate locks are for certain periods of time (15 days, 30 days, or so ...

Answered: With the ease of the pay day loan is it just ...

You've hit the nail right on the head. The payday loans I've seen have rates in the 90%+ area. I've also heard from people who get caught up in them as you described and they say that these loan ...

Answered: Land as collaterial?

You can borrow money against land (used as security), however very few lenders do land loans today. If you find one who does, you'll have to have great credit and the LTV (Loan To Value) would need to ...

Answered: Is no credit really worse than bad credit?

In my opinion, No and I used to be a mortgage broker. However, most lenders view no credit borrowers as riskier. So if you ever plan on borrowing (I am not suggesting you do so), it's best to have 3 ...

Answered: Is it still possible to get a no credit check ...

Those programs have been discontinued by conventional lenders. You best bet is to look for homes with owner financing. These desperate sellers rarely check credit, particularly if you put down 10% or ...

Answered: Can you pay off your first mortgage without paying ...

Good information from Jada. I would like to add a couple of thoughts. 1) Most 2nd mortgages have a much higher rate than a first or they are adjustable and subject to a big jump up in rate. If this is ...

Answered: Can I sell my house cheap to another person ...

You need to consult a bankruptcy attorney, but selling or transferring assets right before a bankruptcy can not only be a problem, it may be illegal besides you may just make it easier for your ...

Answered: What are pros and cons of 100% owner financing ...

As long as the terms are good on the private mortgage note, the only cons I can think of is 1) You are much more exposed to the volatile real estate market (i.e. a small drop in value puts your ...

Answered: When is a Mortgage delinquent in florida

It's is more of a call from your lender than what state you are in but virtually all lenders look at late payments this way. If you pay between 1 and 14 days late, it's not a problem. Lenders call ...

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