Where to find private mortgages

What to look for in finding private mortgages?

While browsing these land records in an efforts to find private mortgages, a private mortgage investor should look for the mortgage issuer or mortgage holder.

Ignore the big mortgage lenders

In many cases, a private mortgage investor will find names such as Countrywide, Household Finance, GMAC mortgage, Chase mortgage, Bank of America mortgage. Ignore these mortgages and keep looking for private mortgages. Occasionally, a private mortgage investor will come across privately held mortgages with name of the private mortgage issuer or private mortgage lender such as John D. Public. Click here to read about how a private mortgage works.

Once a private mortgage notes lender is spotted

Once a private mortgage investor found a private mortgage notes lender, write down:

• the name of the private mortgage provider
• address of property listed in the mortgage
• amount of the total real estate purchase
• down payment for the real estate purchase
• total amount financed by the private mortgage
• interest rate of the private mortgage
• amount of payments of private mortgage

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