Transform Mortgage Notes Into Passive Income Stream for Your Golden Years
Mortgage notes are legal agreements between a lender and a borrower, outlining the terms of a loan used to purchase property. When an individual buys a house through financing, they sign a mortgage note, which serves as a promissory document stating that they will repay the borrowed amount over a set period. The lender holds the note and collects monthly payments, which include principal and interest. However, these notes can be bought and sold in the secondary market, offering investors an opportunity to earn passive income. Today we look at how you can transform mortgage notes into passive income to have a more peace-filled retirement.
