Mortgage & Commercial Lending News.

Real estate investors often prefer hard money lenders instead of large financial institutions such as banks for obtaining their loans. The primary reasons for this are a)private money lenders process loans much faster, which is ideal if someone requires a loan quickly to beat a competitive bid, and b) Hard Money Lenders have more flexibility than banks. Also, hard money lenders have less stringent requirements and background checks.

Topics: Hard Money Loans, hard money lenders, private money lenders in houston

Do you require a loan urgently for your real estate purchase or investment and but want to avoid going to a bank? This can be simply because banks will take too much time processing your application, or you don't have the required credit rating, documentation, or resident status to get approved by a bank.

Topics: Low Documentation Loans, private money lenders in houston, Fastest Private Mortgage Lenders in Houston

Some people assumed that the pandemic would stop the real estate market in its tracks, but if anything, the complete opposite is true. Whether you're a realtor or interested in investment properties, business is booming and will likely continue the upswing well into 2021. 

Houston is one of the hottest housing markets in the United States, and If you live here, you're not going to want to miss out on the current boom. Plenty of flippers and other types of investors are looking for a way to secure their next property, but some are coming up short on funds or not getting funded fast enough. 

Topics: hard money lenders, houston hard money lenders, Fast Hard Money Lenders in Houston, Fast-Closing Hard Money Loans, Fastest Private Mortgage Lenders in Houston

With a robust real estate market in Houston, you may be thinking about purchasing a property as an investment. After all, home values reported in September 2020 are up in Houston by more than 11% year-over-year.

Topics: Hard Money Loans, houston hard money lenders, private mortgage investors, real estate

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.

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

During the Great Recession of 2008, millions of Americans lost their homes. The housing market collapsed, leaving the national economy in shambles.

Finger-pointing was common in the years to follow, but most financial experts can agree to one major cause: subprime mortgages.

Subprime loans are dangerous because they hide behind the pretense of helping low-income Americans.

Topics: houston hard money lenders, private money lender, subrpime loans, non qualified mortgage loans, non qm loans

When looking for hard money loans in Houston, you'll realize that lending falls into two main categories: non-qualified mortgage and qualified mortgage loan. Although these loans provide lenders with much-need financial assistance, they're also different. Understanding the two types of loans is paramount when taking a mortgage. Continue reading for more information on how to select a loan that suits you.

 

Topics: mortgage loans, residential hard money loans, houston hard money lenders, non-qualified mortgage, qualified mortgage loan

Since the program began in 1996, the IRS has issued nearly 24 million ITIN numbers. These numbers are issued for tax purposes to immigrants who are not yet eligible to obtain a social security number or citizens of foreign nations who want to purchase property in the U.S.

They also allow undocumented immigrants to open bank accounts, take out credit cards, and even buy a home. However, finding a lender willing to fund ITIN mortgage loans can be a little tricky.

Topics: Hard Money Loans, mortgage loans, private money lender, ITIN loans, private money lenders in houston, ITIN mortgage loans

Topics: Hard Money Loans, mortgage loans, private money lender, ITIN loans, private money lenders in houston

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

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