Mortgage & Commercial Lending News.

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

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High Cost VS Higher Priced

Posted by Jim Emerson

Jun 10, 2020 5:15:55 PM

The Consumer Financial Protection Bureau is a regulatory agency charged with overseeing financial products and services offered to consumers.

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Topics: mortgage loans, home buyers, dodd frank, residential hard money loans, private money lender

Debt-To-Income Rule is a Blessing for Lenders as Well as Borrowers.

Posted by Jim Emerson

Feb 18, 2020 5:30:06 PM

While buying a house, choosing a private lender over a full-fledged financial institute for a mortgage loan is a great option. One of the many benefits of doing so is that private lenders approve loans much quicker than other financial institutions, such as banks.

Best of all, the majority of hard money lenders do not look into a borrower's credit history. Private lending is a flexible process that makes it easier for almost everyone to own a home or invest in real estate.

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Topics: mortgage loans, private mortgage investors, Debt-to-Income Rule, private money lender

The Importance of Making timely Mortgage Payments is Critical.

Posted by Jim Emerson

Feb 7, 2020 6:00:43 PM

It takes hard work to save enough money and build your credit to buy your home. As a homeowner, you will need to make your mortgage payments in full and on time every month. Let’s face it, you made a financial commitment to your lender/ finance institution to pay on time and in full each month.

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Topics: mortgage loans, homeowners

Get advice from a real estate attorney or broker to avoid costly mortgage loan mistakes.

Posted by Jim Emerson

Dec 13, 2019 9:37:25 AM

Sadly, this is the mother of all mistakes made by people trying to save a few hundred dollars when they are dealing with a commercial or residential hard money loan. As a hard-money lender, I’ve seen genuinely heart-breaking tragedies.

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Topics: mortgage loans, private mortgage investors, real estate

Houston Hard Money Lenders Advice for First Time Home Buyers

Posted by Jim Emerson

Apr 1, 2019 4:31:12 PM

Are you ready to own your first home? Do you have enough money saved for a down payment? Have you figured out how to finance the purchase? Owning a home is the number one goal for most people, and the more informed you are, the better chances you’ll have to get into the right first home for you.

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Topics: residential investment, mortgage loans, home buyers, residential hard money loans, houston hard money lenders

Private Mortgage Investors Must Warn Consumers of the Surge in Mortgage Risk Fraud

Posted by Jim Emerson

May 30, 2018 5:17:08 PM

For the 6TH straight quarter Mortgage application fraud is on the upswing according to the National Mortgage Application Fraud Risk In

 

dex released by CoreLogic, a real estate data firm. CoreLogic developed the index based on residential mortgage loan applications processed by CoreLogic Loan Safe Fraud Manager, a predictive scoring technology.  Based on their findings, the index has increased for all of the last six consecutive quarters.

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Topics: mortgage loans, mortgage process, residential hard money loans, private mortgage investors

How does the new GOP Tax Bill Impact Mortgage Financing?

Posted by Jim Emerson

Feb 23, 2018 1:27:43 PM

How does the new GOP Tax Bill Impact Mortgage Financing?

Republicans in Washington passed the most significant overhaul of the tax code since 1986. Many of us are left wondering how the tax bill impacts us. The plan is to reduce the tax burden for most individuals and put more money into people’s pockets at the expense of the national debt going up. 

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Topics: Residential Loans, New Laws & Regs, Residential Investment Loans, mortgage loans

The Home Buying Mortgage Process From A Mortgage Investors Corporation Perspective

Posted by Jim Emerson

Jul 5, 2017 11:45:15 AM

Understanding the process of purchasing a home is exciting but it can also be stressful if you don’t do your homework first.  Here are a few tips from a Mortgage Investors Corporation from start to finish so you’ll be a wiser homebuyer.  Your credit, your scores and how wisely you shop for a loan that best fits your needs will have a great impact on the rate and fees you pay. To improve your credit, and chances of getting a better mortgage, get current and stay current on your payments.

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Topics: mortgage loans, home buyers, mortgage process

High Cost VS Higher Priced Mortgage Loans 

Posted by Jim Emerson

Apr 11, 2017 10:44:49 AM

There are different types of mortgages and the Consumer Financial Protection Bureau (hereafter CFPB) has made significant changes to the definitions and coverage within these two mortgage categories. First, it is important to understand who the CFPB is and why it was created. The CFPB is an agency of the United States Government responsible for consumer protection in the financial sector. The CFPB creation was authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the financial crisis of 2007-08 and the subsequent Great Recession. 

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Topics: mortgage loans