Mortgage & Commercial Lending News.

Foreclosure is a scary situation for any homeowner.

It usually occurs when a homeowner stops making payments on their mortgage loan.

Since mortgaged are secured loans, this means that the property will serve as collateral for the amount borrowed.

Texas is amongst the top of the nation in rankings for weather-related property damage each year. Therefore, knowing the different types of insurances available and their coverages is crucial. If you live or plan to live in one of the  14 coastal counties or parts of Harris County or Galveston Bay you should know of separate policies that are available that may help you protect yourselves from losses caused by flooding.

For the 6^TH 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.

Obtaining a home inspection is a very important investment that will give you the confidence to make the best decisions whether you are selling or buying a home. If you are buying a home, this can be your largest single investment you will ever make. As private mortgage investors, we recommend you learn as much as possible about the newly constructed home or existing home before you purchase. If you are already a homeowner, a home inspection will give you the opportunity to identify problems and suggest preventative measures to help avoid costly repairs in the future. Below we will explore the most common FAQ’s regarding home inspections.

There are many misconceptions when it comes to purchasing flood insurance.

Many homeowners think they’re not at risk for flooding, when they usually are. And many believe that if they are flooded, they’re insured for it. For example, the coverage is often inadequate lacking enough coverage to fully rebuild the home. Although flood insurance is available to many homeowners under the NFIP, most don’t have it. This is true for many of Hurricane Harvey’s victims. This hurricane was the most significant tropical hurricane in the United States history. Harvey’s damage was between $90 Billion and $160 Billion with a midpoint at $125 Billion.

There has been troubling news released by S&P/Experian, as reports indicate that defaults on first credit payments by consumers are on the rise. While most indicators surrounding the economy and the stock market have been positive, this boom in defaults isn’t, as it’s the first time in two years defaults have increased.

AMI Lenders is a Private Mortgage Investor company or Hard Money Lender who provides innovative solutions, personalized service and applies a proprietary, common sense approach to loan underwriting by looking beyond the numbers to determine the true value and risk of a borrower.