Mortgage & Commercial Lending News.

Whether you're a first-time buyer with no experience in real estate transactions, no experience obtaining a mortgage to purchase a property, or you are an expert looking into buying in a hot market; you'll want to know all about the Appraisal Gap. 

Most think of "hard money lenders" as risk-takers, loan sharks, high-interest-rate lenders, lenders that require no documentation, and/or lenders who lend only to individuals with bad credit.

Lumber has been in the headlines for some time now as we see its prices skyrocketing. Suppose you were thinking of starting construction in your new home or developing one for sale. In that case, you can't ignore the surge in lumber prices brought about by complex macroeconomic forces which were unduly complicated by the Covid-19 pandemic. As a result, demand for lumber has exploded in the past year, and lumberyards and suppliers have struggled to keep up with demand.

With how trending Flip and Fix investments have become, it is no surprise more people want to get in on the opportunity. To get a loan for such investments, one needs to have the eligible FICO score. Many potential investors do not understand just how the FICO score works, how it is obtained, and how it can affect their ability to get a loan. Therefore, AMI Lenders has put all the information you need to know about FICO scores in this blog. 

If you’re a real estate investor and are looking to expand your investment portfolio, we have some good news for you! You might be investing in the hot housing market as of late, made a good profit, and have gained lots of experience along the way. But now what you actually need to look into is the next big opportunity in real estate development. Build-to-Rent! As commercial Hard Money Lenders in Houston, we’re here to give you all the tips we can to make you a profitable real estate investor. Read till the end to find out more.

If you ever wondered what the difference is between the APY and the APR, here's all you need to know:

As Fix and Flip investments gain popularity, they can help experienced Fix and Flippers make a substantial profit. In the past four years, the average gross flipping profit for investors has been between $60,000 and $70,000. However, if you don't do it properly, it's also possible to end up with a loss instead. As the name suggests, these properties need to be "fixed" before they are sold again. Fixing most commonly refers to repair work. It may be tempting to repair a few things in the house here and there and resell them. However, we also recommend following the advice from a professional home inspector for the highest profit. 

Fix and Flip Investment's increasing popularity in the United States.
According to Attom Data Solutions, around 5% to 7% of all homes sold were fixed and flipped in the past ten years. It means that investors do earn substantial profits by using this strategy. However, if you spend too much on repairs, you might incur a loss instead of a profit. With that in mind, we'd like to share the following advice gathered over the years from experienced Houston Hard Money Lenders.

Ever since the coronavirus broke out, stay-at-home orders were imposed everywhere, with people only allowed to step out when it was necessary. The pandemic forced many people to work from home as they couldn't leave their homes to go to work because of the risk of falling sick.