Frequently Asked Questions

1. What is a note?
   1. A written document that states a promise to pay and the terms which include the loan amount, interest rate, and length of time in which to fulfill this promise.

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2. What if I want cash now instead of waiting years to get paid?
   1. That’s where we come in. We are interested in purchasing your note (or your clients note) so you can have the “CASH” you need. This will free you of worry about late payments or dealing with foreclosure or Bankruptcy.

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3. Why sell my note to a bank?
   1. There are many individuals and companies across the country who invest in notes. North American Savings Bank is a federal savings bank, so you can be assured you are working with a reputable company who undergoes regular examinations by the Office of Thrift Supervision for compliance, safety, and soundness on a regular basis.

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4. How much is this going to cost me?
   1. There is no charge for a quote. Please click “quick quote” button and fill in the requested information. We’ll have a quote for you (or your client's note) within 24 hours.

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5. How long will it take before I get my money?
   1. Normal closing time is 2 to 3 weeks after we have all the paper work in place.

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6. How is my note value determined?
   1. The value of your note is based on a number of factors:
      1. Equity
      2. Interest Rate
      3. Payment amount
      4. Term - remaining term of the note
      5. Note Makers credit rating
      6. Payment history
      7. In addition, the type of property, condition of the property and the value of the property will be the determining factors.

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7. Does the sale of my note affect the Note Maker?
   1. No! As a matter of fact the sale of your note never changes any terms of the note contract. The payor will get the same terms as the original note contract.

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