Q. What Exactly Is A Partial?

When you sell a partial, you keep part of your note. The most common partial is where you sell a certain number of the upcoming payments. Let’s say you have the 10-year note and decide to sell the next 5 years of payments and keep the back 5 years. The other method is a split payment partial where you sell a portion of the monthly payment and keep the rest. Partials are a great way to free up the exact amount of cash you need without selling the whole note at a big discount. To learn more about them, download our free Partial guide here.