Mortgage & Commercial Lending News.

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

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Jim Emerson

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Recent Posts

Think You Have a Good Fix and Flip Opportunity? Check Out This Advice First!

Posted by Jim Emerson

Jul 15, 2020 3:24:04 PM

Do you get starry-eyed watching fix and flip shows?

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Topics: hard money lenders, Financing for flipping houses, private money for flipping houses, fix and flip

What is the definition of Specialty Loan? A Hard-Money Lender's perspective.

Posted by Jim Emerson

Jul 13, 2020 10:57:51 AM

The first thing borrowers must understand about loans is that the PURPOSE of any loan DEFINES its category. This means that each loan nicknamed as a 'Specialty Loan' actually has a specific loan category that they fall under. We believe it's important to know with certainty what borrowers are looking for to maximize their time and effort.

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Topics: Specialty Loans, consumer loans, business loans

High Cost VS Higher Priced

Posted by Jim Emerson

Jun 10, 2020 5:15:55 PM

The Consumer Financial Protection Bureau is a regulatory agency charged with overseeing financial products and services offered to consumers.

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

Flipping Homes: Do’s and Don’ts of New-Home Construction

Posted by Jim Emerson

Mar 18, 2020 4:12:34 PM

There are plenty of investment options in the market. Stocks, mutual funds, bonds, annuities, exchange-traded funds, and real estate are just some of them. Of all these options, you are probably interested in real estate, as it is one of the most lucrative options. It can generate substantial profits. However, some people think that investing in real estate is mainly for high-net-worth individuals. In reality, it can also work for smaller investors. “Flipping homes” is an attractive and accessible investment option for almost any type of investor.

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Debt-To-Income Rule is a Blessing for Lenders as Well as Borrowers.

Posted by Jim Emerson

Feb 18, 2020 5:30:06 PM

While buying a house, choosing a private lender over a full-fledged financial institute for a mortgage loan is a great option. One of the many benefits of doing so is that private lenders approve loans much quicker than other financial institutions, such as banks.

Best of all, the majority of hard money lenders do not look into a borrower's credit history. Private lending is a flexible process that makes it easier for almost everyone to own a home or invest in real estate.

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Topics: mortgage loans, private mortgage investors, Debt-to-Income Rule, private money lender

The Importance of Making timely Mortgage Payments is Critical.

Posted by Jim Emerson

Feb 7, 2020 6:00:43 PM

It takes hard work to save enough money and build your credit to buy your home. As a homeowner, you will need to make your mortgage payments in full and on time every month. Let’s face it, you made a financial commitment to your lender/ finance institution to pay on time and in full each month.

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Topics: mortgage loans, homeowners

Get advice from a real estate attorney or broker to avoid costly mortgage loan mistakes.

Posted by Jim Emerson

Dec 13, 2019 9:37:25 AM

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, private mortgage investors, real estate

Why would one borrow from a Hard Money Lender?

Posted by Jim Emerson

Dec 4, 2019 4:50:11 PM

The most frequently asked question of Houston hard money lenders is why would a borrower finance or refinance a property with a hard money lender.

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Topics: houston hard money lenders

¿Por qué conviene consultar a un Prestamista de Houston Especializado en Préstamos Privados para Refinanciar una Casa o Inmueble?

Posted by Jim Emerson

May 21, 2019 1:24:30 PM

Si escucha el término “refinanciar” puede ser que no esté muy seguro de qué significa. En términos simples: refinanciar significa financiar otra vez; típicamente mediante un nuevo préstamo a una menor tasa, a un plazo más corto o a un interés más bajo. Al refinanciar, el propietario de una vivienda tiene acceso a un nuevo préstamo el cual reemplaza su préstamo actual, o en algunos casos, si la propiedad está “libre de gravámenes”, un refinanciamiento le permite aprovechar el valor líquido de la vivienda.

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Topics: prestamista de dinero privados, refinanciar, prestamo privado, prestamos residenciales

Why you Should Consider a Private Money Lender in Houston to Refinance a Home?

Posted by Jim Emerson

May 15, 2019 3:37:30 PM

When you hear the term “refinance” you may ask yourself what this means. In simple terms to refinance means to finance again, typically with a new loan at a lower rate, term or interest. A homeowner has access to a new loan which replaces the exiting loan, or in some cases, the homeowner may own the property “free and clear” so a refinance will allow them to tap into the home’s equity.

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