Mortgage & Commercial Lending News.

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

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Is it still a good time to buy a house in Houston? A Hard Money Lenders' Perspective.

Posted by Jim Emerson

Aug 8, 2022 5:00:00 PM

The US economy is facing complicated macroeconomic forces. Amid the highest inflation levels seen in the past 45 years, on June 15, 2022, the Federal Reserve raised interest rates by 75 basis points (bps) after years of holding interest rates low and steady. This decision will increase the Fed’s benchmark federal-funds rate to a range between 1.5% and 1.75%. Most economists believe the Fed intends to raise interest rates by at least 75 bps in July and 75 bps in September. These increases will lead to the highest interest rates we’ve seen in many years. Therefore, home mortgage rates have seen increases and are due to continue to rise during the second semester of 2022.

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Topics: hard money lenders, home buyers, houston, AMI Lenders

Seek the advice of either a real estate attorney or a real estate broker when negotiating any type of mortgage loan.

Posted by Jim Emerson

Nov 2, 2020 3:39:25 PM

Sadly, this is the mother of all mistakes made by people trying to save a few hundred dollars when they are dealing with a commercial or residential hard money loan. As a hard-money lender, I’ve seen genuinely heart-breaking tragedies.

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Topics: mortgage loans, home buyers, mortgage process, real estate

High Cost VS Higher Priced Mortgages

Posted by Jim Emerson

Jun 10, 2020 5:15:55 PM

 

In 2010, and in response to the financial crisis that we now know as the Great Recession, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law. The law places strict regulations on lenders and banks in an effort to protect consumers and prevent another all-out economic recession. It was this act that outlined a set of rules around higher priced vs. high cost mortgage rates.

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Topics: mortgage loans, home buyers, dodd frank, residential hard money loans, private money lender

Houston Hard Money Lenders Advice for First Time Home Buyers

Posted by Jim Emerson

Apr 1, 2019 4:31:12 PM

Are you ready to own your first home? Do you have enough money saved for a down payment? Have you figured out how to finance the purchase? Owning a home is the number one goal for most people, and the more informed you are, the better chances you’ll have to get into the right first home for you.

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Topics: residential investment, mortgage loans, home buyers, residential hard money loans, houston hard money lenders

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

   

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AMI Lenders' Commercial Lending blog contains helpful information to help you understand the intricacies of Commercial Hard Money Lending practices in Texas. 

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