Mortgage & Commercial Lending News.

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.

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

Many of our clients tell us during their mortgage application process that they spent significant time being uncertain about ─sometimes even agonizing over what would be the right decision: owning or renting. Since we are in the business of helping our clients own a house at AMI Lenders, we thought it might be helpful to put down in black and white what we know to be relevant factors to ponder while navigating this rent vs. own decision process.

Topics: Hard Money Loans, mortgage loans, houston, AMI Lenders

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.

Topics: mortgage loans, home buyers, mortgage process, real estate

When looking for hard money loans in Houston, you'll realize that lending falls into two main categories: non-qualified mortgage and qualified mortgage loan. Although these loans provide lenders with much-need financial assistance, they're also different. Understanding the two types of loans is paramount when taking a mortgage. Continue reading for more information on how to select a loan that suits you.

 

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

Since the program began in 1996, the IRS has issued nearly 24 million ITIN numbers. These numbers are issued for tax purposes to immigrants who are not yet eligible to obtain a social security number or citizens of foreign nations who want to purchase property in the U.S.

They also allow undocumented immigrants to open bank accounts, take out credit cards, and even buy a home. However, finding a lender willing to fund ITIN mortgage loans can be a little tricky.

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

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

 

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.

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

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.

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

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.

Topics: mortgage loans, homeowners

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.

Topics: mortgage loans, private mortgage investors, real estate