One of the most exciting things about the discounted note business is the chance you have to "recast" or improve a note. If you bought a note at a discount you have created an opportunity to restructure and improve that note and increase your yield. It is not unusual to restructure a note that you bought for a yield of 18% and increase its yield to 35% or more. That is the beauty of buying notes at a discount.

It is very similar to buying an apartment building and fixing it up. You hope to increase the rents and therefore the property's price and its present value. Of course, you have to evict tenants, paint the property, add fixtures and do many other things to increase the present value of your building. When the property is improved, you can raise the rents and sell the property at a profit or keep the property and enjoy the extra income.

You can do the same thing with a note. If you can improve the note to increase its present value, then you can either sell the note for an extra profit, or you can keep the note and enjoy the added interest income that comes from your note improvements.

When you improve a note, you restructure it or change the terms of the note to increase its present value. You do this by getting the note payor to increase their payments. You can persuade the note payor to do this because you will give them something in exchange for the increased payments. You may offer to lower their interest rate, or reduce the time to pay off the note, or give them cash to pay off the note more quickly, or offer to pay the points on a new loan. There are many ways to get a payor to increase the payments and all are beneficial both to you, the discounted note buyer, and to the note payor.

NoteRecaster will help you improve a note. Only with the help of a computer can you really explore the many ways a note can be restructured. With this program you will see all the alternatives available to you and to the note payor.

NoteRecaster will:

• Calculate an infinite number of ways to restructure a note
• Calculate the total interest the payor will pay over the life of each restructured option
• Calculate the total interest the payor will save by agreeing to restructure his note
• Calculate your total profit from each restructured note
• Restructure a note to remove the balloon payment for the payor
• Print a graph comparing your yield to each restructured note and to your original yield
• Allow you to fix the interest rate and vary the payment
• Allow you to vary the payor's interest rate and vary the payment
• Write a letter to the note payor giving them several payment options. Each payment option will show the payor the interest and time saved by increasing their payments to you.

NoteRecaster will give you the opportunity to explore almost an infinite number of interest rates, payments, time and profits to you. How this information interacts to create new notes is the heart of NoteRecaster.

Price: $129

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