California's Hard Money Lender Since 1988

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Scary Loan Rescued for a Local Real Estate Agent’s Home Buyer

Oct 05, 2016 (0) comment , , , ,


  Scary Loan Rescued for a Local Real Estate Agent’s Home Buyer A local Sonoma County realtor referred his Home Buyer to me after being  reminded about our Hard Money program by another busy Agent. I immediately called the Buyers and got them preapproved. Because the Buyers were combining households, their debt did not qualify…

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Dislike Your Buyers Loan Being Turned Down – Again?

Sep 26, 2016 (0) comment , , , ,


We have helped rescue multitudes of turned down loans. Consequently, unhappy Home Buyers became very happy and thankful to the Agent or Broker who referred them to us.   Sun Pacific Mortgage is uniquely qualified in that our underwriting is based on 2 things – loan to value and ability to repay.  Even our “ability…

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Top 10 Reasons For Hard Money Today

Sep 02, 2016 (0) comment , , , ,

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We have always enjoyed watching David Letterman’s The Late Night Show and realized just as he had his “Top 10 reasons”, there are Top 10 Reasons to use Hard Money in today’s market: You have written 11 [unaccepted] offers and now want to make the stronger offer. You or your client needs a fast Bridge…

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Need To Know Basis – The Shrewd Realtor

Aug 30, 2016 (0) comment , , , , , , ,

money road sign

As a real estate agent you need to know the products out there for the buyer.  I mean loan products.  Everyone and anyone could buy a home during the heyday!  Now there are really only a few loan programs: The government regulated (Fannie Mae/Freddie Mac, FHA, VA) The In-House loans (credit unions and local banks)…

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Refinance Using Hard Money

Aug 22, 2016 (0) comment , , , ,


Refinance Using Hard Money You have loanable equity in your property, whether it’s residential, commercial or land, and want to borrow against it.  Loanable equity means the amount you can borrow that exceeds what you already owe not to exceed 70% of the value of the property.  For example: you owe $245,000 and the value…

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Top 5 Reasons To Refinance Using Hard Money

Aug 15, 2016 (0) comment , , , , , , ,


If you have good equity in your home, you can potentially refinance.  Below are the top 5 reasons one would refinance using hard money, also known as alternative financing: Remodel your property Buy an investment property Consolidate debt Get ready for the Holidays Finance kids education   Refinancing one’s home doesn’t only reduce stress it…

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Fractionalized Loan Investing

Aug 11, 2016 (0) comment , , ,


Funding Large Loans… I wanted to report nothing but good news here at Sun Pacific Mortgage. Last month was another record production month. We are funding an ever increasing number of loans and larger and larger loans. To get some of the larger loans done we have had to “fractionalize” the loan. This is the…

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What are Hard Money Loans and How Do They Work?

Jul 01, 2016 (0) comment , , , , ,


If you’re not familiar with Hard Money Loans, you may be asking yourself what they are, and what makes them different from traditional loans? If you have had trouble getting a loan through your bank or other traditional lending options due to bad credit, a past bankruptcy, or other troubles, it may be time to…

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Owner Occupied Principal Residence – Part 2 of 2

Jun 28, 2016 (1) comment , , , , ,


This is Part 2 of Owner Occupied Loans. In this writing I will feature several of the legal aspects of this all-important Program. If you missed reading Part 1, click here! The purpose of this article is to encourage investors to continue to make these loans, in spite of the rumors that exist surrounding them.…

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Get a Home Loan even with Bad Credit

Jun 21, 2016 (0) comment , , , ,


Every day people are turned down by their favorite banks, and lenders due to bad credit or other circumstances. These are often hard working individuals with good income, enough savings for a down payment, and a desire to own a home. Unfortunatley for these people, banks usually don’t look any closer than your credit score…

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