Mortgage & Commercial Lending News.

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

AMI_Lenders_Txt_Only.png

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.

Read More

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

When Things Get Complicated for a While: Missing a Mortgage Payment and what to do about it

Posted by Jim Emerson

Sep 9, 2022 12:00:00 PM

Our outlook on real estate and life is usually quite positive at AMI Lenders. That's why our blog is choc-full-of upbeat advice on what to do and think about when you're evaluating purchasing a house or investing in real estate—always looking optimistically towards the future. But we noticed lately that we barely touch upon themes about your mortgage or hard-money loan once you have received the money. We expect our clients to meet all their obligations on time, but that is not always the case. As such, we thought it would be a good idea to touch on some thorny issues that can happen when things don't go our client's way. Hopefully, they will never materialize for you, our faithful reader.

Read More

Topics: houston, private money lender, AMI Lenders, mortgage

What should we expect in 2022 in the rapidly changing housing market?

Posted by Jim Emerson

Jun 26, 2022 9:00:00 AM

A lot has been written lately about the future of mortgage rates and housing prices. Let's look at some data and figure out what it means for Real Estate Investors in Houston, particularly Fix and Flip or rental property investments.

Mortgage rates are increasing

Earlier in 2022, some industry experts put forth their forecasts as to the future of mortgage rates:

  • Mortgage Bankers Association forecasted the average 30-year fixed to climb up to 4% by year's end.
  • Fannie Mae predicted a 3.3% mortgage rate by the end of 2022.
Read More

Topics: houston, houston hard money lenders, fix and flip, AMI Lenders, mortgage

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/ .

Read More

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

   

Our Hard Money Blog

AMI Lenders' Commercial Lending blog contains helpful information to help you understand the intricacies of Commercial Hard Money Lending practices in Texas. 

Apply Today!

Recent Posts

Subscribe to Email Updates

Posts by Topic

see all