Mortgage & Commercial Lending News.

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

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The Equifax Data Breach - Information You Need To Know

Posted by Jim Emerson

Sep 22, 2017 3:24:49 PM

Equifax Inc. announced a cybersecurity incident potentially impacting approximately 143 million Americans to potential identity theft. This breach was caused by hackers gaining access to key items of data including names, Social Security numbers, and dates of birth, addresses, driver's license information.  In addition, credit card numbers for approximately 209,000 U.S. consumers, and certain dispute documents with personal identifying information for approximately 182,000 U.S. consumers, were accessed.

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Hurricane Harvey: The Devastation and Disaster Relief

Posted by Jim Emerson

Sep 14, 2017 4:25:23 PM

Hurricane Harvey was the first major hurricane since Wilma in 2005.

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What you need to know about Multifamily Lending: A Hard Money Lender's Perspective

Posted by Jim Emerson

Jul 25, 2017 9:40:25 AM

Multifamily commercial lending is completely different than residential lending. Multifamily commercial lenders come in all shapes and sizes, and learning how multifamily loans are structured will open up new opportunities. Before you begin to invest in multifamily properties, it is important that you understand that residential and commercial lending are different specialties, each with their own unique complexities.

Understanding the differences

Multifamily lending has a lot more factors and questions to consider during the prequalification, and additional parties are involved. Those include attorneys, accountants, and property managers. Whereas, residential

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Topics: Houston Commercial Loans

The Home Buying Mortgage Process From A Mortgage Investors Corporation Perspective

Posted by Jim Emerson

Jul 5, 2017 11:45:15 AM

Understanding the process of purchasing a home is exciting but it can also be stressful if you don’t do your homework first.  Here are a few tips from a Mortgage Investors Corporation from start to finish so you’ll be a wiser homebuyer.  Your credit, your scores and how wisely you shop for a loan that best fits your needs will have a great impact on the rate and fees you pay. To improve your credit, and chances of getting a better mortgage, get current and stay current on your payments.

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Topics: mortgage loans, home buyers, mortgage process

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.  

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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. 

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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.

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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. 

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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:

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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”. 

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Topics: Hard Money, hard money lenders