Mortgage & Commercial Lending News.

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

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Hard Money Loans and rising inflation, what it all means.

Posted by Jim Emerson

Nov 29, 2021 9:00:00 AM

Fears of rising inflation in the US have been garnering attention all over the news and in many other countries. The Economist (a magazine published in the UK) included in its November 13, 2021, edition an article entitled “A three-decade high in inflation sows concerns about America’s recovery”. The Australian (a newspaper printed in Australia) included an article with the headline “US inflation spike to record levels means mortgage rates in Australia are almost certain to rise.” Forbes published during September 2021 an article about inflation and mortgages[1] and how it might be a good time to buy a house to protect yourself against rising inflation. And we could continue citing interesting inflation-related articles.

Better than just letting you navigate in the news, let us try to give you our point of view on what you as a borrower of real-estate related loans, be it a mortgage for your new home or a bridge loan for a fix and flip, should know about inflation and loans.

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Topics: Hard Money, Hard Money Loans, commercial hard money loan, AMI Lenders

How AMI Lenders deliver real value to its Real Estate Investor customers.

Posted by Jim Emerson

Nov 18, 2021 10:51:15 AM

We had the nicest phone call a few weeks ago, and it made our day. A client who had just paid off his mortgage, after many years of having a loan with us, called to express his appreciation for the trust we placed on him (and the loan we gave him back then) and the excellent service we provided after having struggled, unsuccessfully, for years to get a mortgage for his Church. 

It just goes to prove once more what a friend once told us: that AMI Lenders is in the “hope business.” We give hope to borrowers that feel they have no hope. Another way to say it is: “here at AMI Lenders, we offer non-traditional alternative loan products.” Many of our clients cannot qualify for a bank loan or a loan from a traditional mortgage company. We not only help people, but we also go out of our way to be helpful. You would be surprised to know how much advice we provide to our applicants. 

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Topics: Hard Money, hard money lenders, commercial hard money loan, private money lender, AMI Lenders

As Hard Money Lenders, we often we asked what is the difference between the APY vs. APR?

Posted by Jim Emerson

Apr 6, 2021 9:58:07 AM

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

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Topics: Hard Money, hard money lenders, houston hard money lenders, APY, APR

Texas Foreclosures And A Hard Money Lender's Take On How To Avoid it.

Posted by Jim Emerson

Mar 1, 2019 11:13:22 AM

Foreclosure is a scary situation for any homeowner.

It usually occurs when a homeowner stops making payments on their mortgage loan.

Since mortgaged are secured loans, this means that the property will serve as collateral for the amount borrowed.

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Topics: Hard Money, residential hard money loans, houston hard money lenders

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

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

Hard Money Loans in Houston for Foreign Nationals (ITIN Loans)

Posted by Jim Emerson

Jan 2, 2017 11:00:00 AM

In today’s market, it is fairly difficult to find a Hard Money lender in Houston to finance to a Foreign National or to a borrower with an Individual Tax Identification Number (ITIN).   A Foreign National is a citizen from another country who periodically visits the United States and is purchasing a property in which to reside during their stay.  Mortgage Investors Corporation or AMI Lenders Foreign National and ITIN loan programs, offer financing to any non-US citizen wanting to obtain a residential or commercial Hard Money loan in the Houston metropolitan area. 

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Topics: Hard Money, Hard Money Loans, hard money lenders

The Importance of FICO Scores To Hard Money Lenders

Posted by Jim Emerson

Jun 16, 2016 11:56:34 AM

As a commercial hard money lender, we understand the importance of one’s FICO score.  Therefore, we want to share our experience and how one can increase their FICO scores to improve their chances of getting a hard money loan. 

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Topics: Hard Money, Hard Money Loans, hard money lenders

Jim Emerson: There’s Trouble in River City

Posted by Jim Emerson

May 9, 2016 2:59:27 PM

In the musical “The Music Man”, Professor Harold Hill says “there’s trouble in River City”.

When it comes to Mortgage Investing and, given the risk of foreclosures in the greater Houston MSA; the lyrics should be “there’s trouble in Bayou City”.

In 2015 Texas foreclosure activity increased 16 percent. That compares with a 3 percent decline for the rest of the United States.

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Topics: Hard Money, Residential Loans, residential investment

   

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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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