subject: Future Payment Or Lump Sum Cash Now - What Is The Right Choice For You? [print this page] Are you the owner of a note and are trying to decide what you should do with it, future payment or lump sum cash now? Making this choice can be difficult for any person to do, but there is some important informaton you need to know that is going to help you easily know what to do.
The first thing to know is that if you need money now to help you pay bills, medical reasons or any other reason, then a lump sum would be your best choice. The monthly payments you get from the note you hold may not be enough to keep you going.
If that is the situation you find yourself in then a lump sum would be the right move for you.
Another thing to understand is that the type of note you hold should be taken into consideration. For some types, this will not matter, but for a real estate note, the longer you hold on to it the more the value of the note can decrease due to many factors that can influence the price of it.
You need to consider how much the note is worth now compared to what it could be worth in the future if you keep holding on to it.
One more thing to be aware of is that you can get a lump sum of money for only a portion of your note if that is what you choose to do. Many note brokers can help you figure out if you should only sell a portion of it or if you should get rid of the entire note.
If you are smart and use a note broker to help you make your decision, this is a smart idea because you can get a free consultation with them and learn what your note is really worth. Once you have this information in mind, you will easily be able to determine the best course of action for you to take with your note.
The last thing to know before you decide is that knowing exactly what your note is valued at right now can influence your choice in a big way. Always contact a broker to have them help you determine what the note is worth so you will not be guessing.
With all of this information in mind, you now have to make the decision; do you stick with a future payment or lump sum cash now? Do your own research on this and learn the value of your note before you decide so that you will be completely confident with the final choice you do make.
by: Jeff Schuman
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