Mortgage & Commercial Lending News.

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

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Make sure You Understand your Finances when Applying for a Private Mortgage Loan.

Posted by Jim Emerson

Sep 27, 2022 12:00:00 PM

At AMI Lenders, we believe 2022 is still a good time, especially for first-time buyers, to get a mortgage and purchase a lovely house for you and your family. Interest rates are still attractive compared to previous decades, and house price increases have slowed since the recent pandemic. Finally, buying a house with a fixed-rate mortgage is still a good hedge against inflation's effects.

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Topics: hard money lenders, mortgage loans, houston, loans, AMI Lenders, mortgage

Is it still a good time to buy a house in Houston? A Hard Money Lenders' Perspective.

Posted by Jim Emerson

Aug 8, 2022 5:00:00 PM

The US economy is facing complicated macroeconomic forces. Amid the highest inflation levels seen in the past 45 years, on June 15, 2022, the Federal Reserve raised interest rates by 75 basis points (bps) after years of holding interest rates low and steady. This decision will increase the Fed’s benchmark federal-funds rate to a range between 1.5% and 1.75%. Most economists believe the Fed intends to raise interest rates by at least 75 bps in July and 75 bps in September. These increases will lead to the highest interest rates we’ve seen in many years. Therefore, home mortgage rates have seen increases and are due to continue to rise during the second semester of 2022.

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Topics: hard money lenders, home buyers, houston, AMI Lenders

Selling a flipped property for a profit: A Hard Money Lender’s Perspective

Posted by Jim Emerson

Jun 2, 2022 9:58:16 AM

After you have gone through all the trouble of finding, purchasing, and rehabbing a property, the last step is to try to sell it fast and for a profit. Most people think, incorrectly, that very little planning goes into selling a property. Here are some recommendations to help you sell your fixed and flipped property:

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Topics: Hard Money Loans, hard money lenders, houston, fix and flip, AMI Lenders

Myths and Misconceptions about Hard Money Lenders and their Type of Loans

Posted by Jim Emerson

Jan 20, 2022 10:15:27 AM

Due to a lack of industry knowledge, the general public often believes myths about asset-based mortgage lenders or Hard Money Lenders. Many people have misconceptions about their loans to real investors and home buyers. In this article, we intend to tackle these myths and misconceptions.

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Topics: hard money lenders, houston, AMI Lenders, Hard Money Loan

Hard Money Lender Tips for Current or Potential Real Estate Investors

Posted by Jim Emerson

Jan 13, 2022 12:59:58 PM

It is never too late to get into real estate investing. Yet, as with many things in life, you must study and be diligent to be a successful real estate investor because, mind you, real estate investing is not as easy as some make it sound on TV: there are plenty of aspects that could go wrong when buying a property as an investment. In what follows, we give you some tips that might prove helpful to you whether you are a proven investor or are just considering getting into real estate investing.

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Topics: Tips, hard money lenders, houston, real estate investors, AMI Lenders

What exactly happens when a Hard Money Lender checks your credit report?

Posted by Jim Emerson

Dec 18, 2021 9:00:00 AM

Let us suppose that you are interested in getting a mortgage loan from us, so you call us to ask about our mortgage rates and loan terms. To make sure that we give you the correct answer, we need to know whether your potential application will be ranked "good," "fair," or "poor." One of the elements in your evaluation is pulling your credit report.

Many of our customers worry that pulling their credit reports will hurt their credit scores. So here we explain what happens to your credit score and suggest to you some tips you might want to follow when shopping for a mortgage loan. You might also want to read what the Consumer Financial Protection Bureau (CFPB), a US government agency, has to say about this subject on their website: https://www.consumerfinance.gov/ask-cfpb/what-exactly-happens-when-a-mortgage-lender-checks-my-credit-en-2005/ .

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Topics: hard money lenders, houston, private money lender, AMI Lenders, credit report, mortgage

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

The Appraisal Gap in a Hot Housing Market Explained: What strategies can a Buyer utilize to compensate for the missing financing?

Posted by Jim Emerson

Aug 6, 2021 10:51:41 AM

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. 

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Topics: hard money lenders, Financing for flipping houses, private money lenders in houston, AMI Lenders

What Are Hard Money Lenders and How Do They Help Real Estate Investors?

Posted by Jim Emerson

Jul 8, 2021 10:40:27 AM

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.

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Topics: hard money lenders, real estate, real estate investors, AMI Lenders

Understanding the Importance of FICO scores: The perspective of a Hard Money Lender in Houston

Posted by Jim Emerson

May 25, 2021 1:24:19 PM

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. 

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Topics: hard money lenders, AMI Lenders, FICO Scores

   

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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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