Mortgage & Commercial Lending News.

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

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Despite rising interest rates, 2022 is still a good year to invest in commercial real estate with the financing of private lenders.

Posted by Jim Emerson

Oct 3, 2022 5:00:00 PM

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Topics: Hard Money Loans, houston, commercial hard money loan, private money lender, AMI Lenders, Real Estate Investment, Commercial property

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.

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Topics: houston, private money lender, 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/ .

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

How AMI Lenders deliver real value to its Real Estate Investor customers.

Posted by Jim Emerson

Nov 18, 2021 10:51:15 AM

We had the nicest phone call a few weeks ago, and it made our day. A client who had just paid off his mortgage, after many years of having a loan with us, called to express his appreciation for the trust we placed on him (and the loan we gave him back then) and the excellent service we provided after having struggled, unsuccessfully, for years to get a mortgage for his Church. 

It just goes to prove once more what a friend once told us: that AMI Lenders is in the “hope business.” We give hope to borrowers that feel they have no hope. Another way to say it is: “here at AMI Lenders, we offer non-traditional alternative loan products.” Many of our clients cannot qualify for a bank loan or a loan from a traditional mortgage company. We not only help people, but we also go out of our way to be helpful. You would be surprised to know how much advice we provide to our applicants. 

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Topics: Hard Money, hard money lenders, commercial hard money loan, private money lender, AMI Lenders

How Subprime Loans Differ From Non-QM Loans: A Hard Money Lender’s Perspective.

Posted by Jim Emerson

Oct 19, 2020 11:00:00 AM

During the Great Recession of 2008, millions of Americans lost their homes. The housing market collapsed, leaving the national economy in shambles.

Finger-pointing was common in the years to follow, but most financial experts can agree to one major cause: subprime mortgages.

Subprime loans are dangerous because they hide behind the pretense of helping low-income Americans.

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Topics: houston hard money lenders, private money lender, subrpime loans, non qualified mortgage loans, non qm loans

Banks vs. Private Money Lenders for ITIN Mortgage Loans

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.

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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 Mortgages

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

   

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

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