Mortgage & Commercial Lending News.

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

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Seek the advice of either a real estate attorney or a real estate broker when negotiating any type of mortgage loan.

Posted by Jim Emerson

Nov 2, 2020 3:39:25 PM

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, home buyers, mortgage process, real estate

What Is the Difference Between a Non-Qualified Mortgage and a Qualified Mortgage Loan

Posted by Jim Emerson

Oct 1, 2020 12:26:19 PM

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Topics: mortgage loans, residential hard money loans, houston hard money lenders, non-qualified mortgage, qualified mortgage loan

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

High Cost VS Higher Priced

Posted by Jim Emerson

Jun 10, 2020 5:15:55 PM

 

In 2010, and in response to the financial crisis that we now know as the Great Recession, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law. The law places strict regulations on lenders and banks in an effort to protect consumers and prevent another all-out economic recession. It was this act that outlined a set of rules around higher priced vs. high cost mortgage rates.

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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.

Read More

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

   

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