How to determine interest when buying a mortgage note from an individual?

Question: Please help understand how to figure the possible earnings (interest rate) when buying a mortgage note from an individual. What is the simple formula? Must take into consideration Monthly Amount Being Paid - Length of the Term (20 yrs/30 yrs/etc.), How far into the Note current borrower is (14 months paid/25 months paid so far). and Interest Rate. Thank you.

Answer:
You could probably just look at the going rates and make you choice based on those.

---

More Questions & Answers...

I would like to become a certified internet webmaster (CIW).what is the best online course?

Reporting Abuse from Chat rooms?

Where can i find free online courses in legal field?

Strayer university online courses?

I want to do an online course in multimedia and animation. Who are offering such courses.?

Free online MBA course?

How much would you charge for building a website which consists of an online course management syst & a Forum.

What do you think are the positive and negative aspects of money in sport?