Mortgage & Commercial Lending News.

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

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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

How Do Realtors, Brokers, and Private Lenders Work Together to Help Real Estate Investors?

Posted by Jim Emerson

Nov 13, 2020 5:00:08 PM

With a robust real estate market in Houston, you may be thinking about purchasing a property as an investment. After all, home values reported in September 2020 are up in Houston by more than 11% year-over-year.

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Topics: Hard Money Loans, houston hard money lenders, private mortgage investors, real estate

Banks vs. Private Money Lenders for ITIN Mortgage Loans

Posted by Jim Emerson

Sep 15, 2020 3:19:18 PM

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Topics: Hard Money Loans, mortgage loans, private money lender, ITIN loans, private money lenders in houston, ITIN mortgage loans

Can You Get a Mortgage Loan if You Only Have an ITIN Number?

Posted by Jim Emerson

Sep 1, 2020 3:22:03 PM

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Topics: Hard Money Loans, mortgage loans, private money lender, ITIN loans, private money lenders in houston

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

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

10 Undeniable Reasons why Houston Hard Money Homestead Loans are here to stay.

Posted by Jim Emerson

Jan 27, 2017 4:09:03 PM

If you are a typical borrower looking for financing for your primary residence the first thought is to apply with your local bank or credit union. The interest rates are typically competitive and generally lower than private lenders. However, credit rating is a primary factor in the loan decision and you have to meet certain underwriting guidelines. If you don’t have good credit with easily documented income sources your loan application can be denied.

Hard Money loans are customized to borrowers needs based on the fact that you have sufficient capital, generally around 20-30% down of the purchase price of the property and your ability to repay the loan.

Private money lenders or Hard Money lenders in Houston are quite different from bank loans. Below you will learn 10 reasons why Hard Money loans in Houston are here to stay:

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

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

Bridge Loans Through A Hard Money Lender Are A Unique Way To Buy Homes

Posted by Jim Emerson

Oct 21, 2016 11:16:25 AM

AMI Lenders Inc. (a Houston based hard money lender for over 25 years) has successfully financed many homes known as “bridge loans”.

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Topics: Hard Money Loans, Bridge 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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