While there aren’t many things you can do to improve the actual value of your note, your record keeping could help a bit.
When finalizing the value of your note it will be important to be able to show a record of the payment history from the borrower. If the borrower is known for making late payments, the value of the note overall could decrease. This is also the case if the borrower has a low credit score and could be a potential risk for the note purchaser. An accurate payment history could help you offset this possibility and maintain the value of your note.
These reasons make it imperative to keep accurate records whether you are planning on selling your mortgage note now or just think it could be a possibility in the distant future. The more you can think ahead the better off your will be if and when you make the decision to sell your mortgage note.
Contact us now if you would like to discuss your particular mortgage note situation.