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.
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.
Topics: mortgage loans, home buyers, mortgage process, real estate
Posted by Jim Emerson
Oct 1, 2020 12:26:19 PM
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
Posted by Jim Emerson
Sep 15, 2020 3:19:18 PM
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
Posted by Jim Emerson
Sep 1, 2020 3:22:03 PM
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
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.
Topics: mortgage loans, private mortgage investors, Debt-to-Income Rule, private money lender
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.
Topics: mortgage loans, homeowners
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.
Topics: mortgage loans, private mortgage investors, real estate
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.
Topics: residential investment, mortgage loans, home buyers, residential hard money loans, houston hard money lenders
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.
Topics: mortgage loans, mortgage process, residential hard money loans, private mortgage investors