What are “Face Rates” and “Discounts” On Notes?

Jim McCullinNotes 101

If you’ve studied seller financing or have a mortgage note that you’re ready to sell, then you’ve probably already come across the terms “face rate” and “discount.” Let’s do a quick overview of these two important terms. What is the Face Rate of a Note? The “face rate” is the interest rate being charged to the borrower as specified on … Read More