Posted by JHyre in Ohio on January 11, 2001 at 10:41:35:
from a very experienced investor by the name of Ed Wachsman- all payments beyond the amount due get 110% credit. For example, if the monthly payment is $200 and I get $1000 that month, the extra $800 is treated as a payment of $880. The brighter, more disciplined buyers know that this means much quicker note payoff. I get a little less money, but I get it alot faster to reinvest. Truly win-win.