Mortgage & Commercial Lending News.

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

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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

Is Now The Time To Get A Hard Money Loan To Buy A Home In Houston?

Posted by Jim Emerson

Nov 10, 2015 1:00:00 PM

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Residential Hard Money Loans in HoustonEvery 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.

 

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Topics: Hard Money, Hard Money Loans, Residential Loans

A Disturbing Discovery About Hard Money Lenders.

Posted by Jim Emerson

Oct 14, 2015 9:00:00 AM

At Associated Mortgage Investorswe are hard money lenders and we recently approved financing for the purchase of a religious facility and in the Commitment for Title we noticed several labor liens filed by the Texas Workforce Commission (“TWC”).

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

Private Money Lenders Help Non-Bankable Borrowers

Posted by Gonzalo Arjona

Jul 30, 2014 3:13:12 PM

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Topics: Hard Money, Hard Money Loans, Low Documentation Loans, Houston Commercial Loans