Nov 18, 2021 10:51:15 AM
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:
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.
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.
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.
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”.
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.
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.
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.
Nov 10, 2015 1:00:00 PM
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Every investor’s goal is to “buy low” and “sell high” but that’s easier said than done.
For borrowers that depend on hard money lenders to finance their dream home, the time to buy may be now. Hiring at U.S. companies accelerated in October helping to lift wages and clearing the path for the Federal Reserve to raise interest rates in December 2015.