Mortgage & Commercial Lending News.

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

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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

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

Learn How to Prioritize Repairs to a Fix and Flip Property and Make the Most of your Hard Money Loan.

Posted by Jim Emerson

Apr 1, 2021 12:13:52 PM

As Fix and Flip investments gain popularity, they can help experienced Fix and Flippers make a substantial profit. In the past four years, the average gross flipping profit for investors has been between $60,000 and $70,000. However, if you don't do it properly, it's also possible to end up with a loss instead. As the name suggests, these properties need to be "fixed" before they are sold again. Fixing most commonly refers to repair work. It may be tempting to repair a few things in the house here and there and resell them. However, we also recommend following the advice from a professional home inspector for the highest profit. 

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Topics: hard money lenders, residential hard money loans, fix and flip

Why Reputable Hard Money Lenders Invest Time and Resources to Rigorously Verify a Borrower’s Abilityto Repay?

Posted by Jim Emerson

Feb 19, 2021 4:01:07 PM

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.

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

Fast-Closing Hard Money Loans: The Best Way to Secure and Close on an Investment Property, Fast!

Posted by Jim Emerson

Dec 15, 2020 11:55:42 AM

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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

Think You Have a Good Fix and Flip Opportunity? Check Out This Advice First!

Posted by Jim Emerson

Jul 15, 2020 3:24:04 PM

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

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

What Private Mortgage Lenders want you to know about Flood Insurance in Texas

Posted by Jim Emerson

Sep 26, 2018 2:08:55 PM

Texas is amongst the top of the nation in rankings for weather-related property damage each year. Therefore, knowing the different types of insurances available and their coverages is crucial. If you live or plan to live in one of the  14 coastal counties or parts of Harris County or Galveston Bay you should know of separate policies that are available that may help you protect yourselves from losses caused by flooding.

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Topics: Hard Money Loans, hard money lenders, residential hard money loans, houston hard money lenders, private mortgage investors, flood insurance, commercial hard money loan

This Is Why Every Property Owner Should Have Flood Insurance

Posted by Jim Emerson

Jan 30, 2018 4:41:24 PM

There are many misconceptions when it comes to purchasing flood insurance.

Many homeowners think they’re not at risk for flooding, when they usually are. And many believe that if they are flooded, they’re insured for it. For example, the coverage is often inadequate lacking enough coverage to fully rebuild the home. Although flood insurance is available to many homeowners under the NFIP, most don’t have it. This is true for many of Hurricane Harvey’s victims. This hurricane was the most significant tropical hurricane in the United States history. Harvey’s damage was between $90 Billion and $160 Billion with a midpoint at $125 Billion.

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Topics: Houston Commercial Loans, hard money lenders, mortgage process, houston, residential hard money loans, houston hard money lenders

Pitfalls Hard Money Lenders (and Borrowers) should consider to avoid a loan payment default.

Posted by Jim Emerson

Jan 24, 2018 11:59:46 AM

There has been troubling news released by S&P/Experian, as reports indicate that defaults on first credit payments by consumers are on the rise. While most indicators surrounding the economy and the stock market have been positive, this boom in defaults isn’t, as it’s the first time in two years defaults have increased.

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Topics: hard money lenders, residential hard money loans, loans

   

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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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