Mortgage & Commercial Lending News.

Houston's premier blog for all things related to Commercial and Residential Hard Money Loans.

AMI_Lenders_Txt_Only.png

AMI Lenders helps Millennials become homeowners with Hard Money Loans

Posted by Jim Emerson

May 11, 2017 10:37:41 AM

AMI Lenders is a Private Mortgage Investor company or Hard Money Lender who provides innovative solutions, personalized service and applies a proprietary, common sense approach to loan underwriting by looking beyond the numbers to determine the true value and risk of a borrower.  

Read More

Topics: hard money lenders

High Cost VS Higher Priced Mortgage Loans 

Posted by Jim Emerson

Apr 11, 2017 10:44:49 AM

There are different types of mortgages and the Consumer Financial Protection Bureau (hereafter CFPB) has made significant changes to the definitions and coverage within these two mortgage categories. First, it is important to understand who the CFPB is and why it was created. The CFPB is an agency of the United States Government responsible for consumer protection in the financial sector. The CFPB creation was authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the financial crisis of 2007-08 and the subsequent Great Recession. 

Read More

Topics: mortgage loans

How Wraparound Mortgages and Hard Money Loans come together.

Posted by Jim Emerson

Mar 2, 2017 12:00:00 PM

 You may or may not heard of this term  before but a wraparound mortgage     or “wrap” is a form of secondary  financing for the purchase of real  property.  The seller/lender extends to  the buyer a junior mortgage which  wraps around and existing mortgage,  typically the bank or the seller of the  real property assumes the payment of  the existing mortgage and provides the borrower with a new larger loan, usually at a higher interest rate.

Read More

Topics: Hard Money, Hard Money Loans, hard money lenders, wraparound mortgages

Hard Money Loans: What are they and what is their future in Houston?

Posted by Jim Emerson

Feb 27, 2017 1:00:04 PM

Houston Hard Money loans are backed by the value of real property not by the credit worthiness of the borrower.  Since the property itself is used as the only protection against default by the borrower, the loans have a lower Loan to Value ratio (LTV) and carry higher interest rates compared to conventional commercial or residential loans.  These loans are often referred to as a short term loan or bridge loan. 

Read More

Topics: Hard Money, Hard Money Loans, hard money lenders

10 Undeniable Reasons why Houston Hard Money Homestead Loans are here to stay.

Posted by Jim Emerson

Jan 27, 2017 4:09:03 PM

If you are a typical borrower looking for financing for your primary residence the first thought is to apply with your local bank or credit union. The interest rates are typically competitive and generally lower than private lenders. However, credit rating is a primary factor in the loan decision and you have to meet certain underwriting guidelines. If you don’t have good credit with easily documented income sources your loan application can be denied.

Hard Money loans are customized to borrowers needs based on the fact that you have sufficient capital, generally around 20-30% down of the purchase price of the property and your ability to repay the loan.

Private money lenders or Hard Money lenders in Houston are quite different from bank loans. Below you will learn 10 reasons why Hard Money loans in Houston are here to stay:

Read More

Topics: Hard Money Loans, hard money lenders, homestead loans

5 Things About Hard Money Loans in Houston That You May Not Know

Posted by Jim Emerson

Jan 12, 2017 12:30:00 PM

Hard money loans, also known as a fast short term loans, are a mortgage alternative to a borrower who is possibly in a distressed financial situation or who has less than perfect credit which fails to meet bank criteria for funding.  This asset-based loan financing is secured by real property and loans are typically made by a company or individual from a private organization, also known as “Private Mortgage Investors”. 

Read More

Topics: Hard Money, hard money lenders

Hard Money Loans in Houston for Foreign Nationals (ITIN Loans)

Posted by Jim Emerson

Jan 2, 2017 11:00:00 AM

In today’s market, it is fairly difficult to find a Hard Money lender in Houston to finance to a Foreign National or to a borrower with an Individual Tax Identification Number (ITIN).   A Foreign National is a citizen from another country who periodically visits the United States and is purchasing a property in which to reside during their stay.  Mortgage Investors Corporation or AMI Lenders Foreign National and ITIN loan programs, offer financing to any non-US citizen wanting to obtain a residential or commercial Hard Money loan in the Houston metropolitan area. 

Read More

Topics: Hard Money, Hard Money Loans, hard money lenders

Bridge Loans Through A Hard Money Lender Are A Unique Way To Buy Homes

Posted by Jim Emerson

Oct 21, 2016 11:16:25 AM

AMI Lenders Inc. (a Houston based hard money lender for over 25 years) has successfully financed many homes known as “bridge loans”.

Read More

Topics: Hard Money Loans, Bridge Loans

How to Buy a Residential Property Through A Hard Money Lender

Posted by Jim Emerson

Sep 29, 2016 2:36:05 PM


How to Buy a Residential Property:

When in the market for a new home or in the market for an investment property, one should do their own research. (An example of an investment property is buying homes to either “fix and flip” or “fix and rent”).

We’re a mortgage investment corporation and we’ve been financing homes and investment properties for over 25 years.

Because we’ve been a residential hard money lender for so many years, we pretty much know the proper due-diligence in selecting the right property at the right price.

Read More

Topics: Residential Loans, hard money lenders

Qualify For a Residential or Commercial Real Estate Hard Money Loan

Posted by Jim Emerson

Sep 7, 2016 12:20:27 PM

My entire working career (over 5 decades) has been lending money. I’ve reviewed hundreds of thousands of loan applications and, as a commercial lender, I have loaned in excess of a billion dollars to individual and corporations.

Read More

Topics: Hard Money Loans