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The Year In Review

February 18, 2020

The Year In Review

While reviewing 2019, here at Sun Pacific Mortgage & Real Estate we were happily surprised by some of the significant accomplishments we achieved, resulting in many more homeowners and home-buyers getting the financing they were hoping for!

As we embark on our 32nd year in the real estate & mortgage business, we are proud to be able to continue to help many other Realtors, Mortgage Brokers & Lenders and their Borrowers & Buyers with our alternative financing, also known as Hard Money/Private Money Loans. 

HOME BUYERS & BORROWERS

Over this past year we grew our family of borrowers to more than 10,000!  Some of our happy clients have been kind enough to send us “kudos”, like this one below: 

“To the Super Heroes in White Hats!  What can be said about the incredible family business that you have created.  Here are a few things to start with…

As FAST as ‘THE FLASH’, your efficiency and cohesiveness as a team is unmatched & always produces speed that rivals sound. True ‘CAPTAINS OF AMERICAN’ Lending, you guys are blazing the way through complications & compliances of old lending and are true pioneers of the future.  As HEROIC as ‘HE-MAN’, time and again you do the heavy lifting to ensure security for your trusting clients! For all that you do THANK YOU!   With much gratitude.”
– M.F. Family

As the quote above depicts, we are known for our fast funding and quick closings.  While always finding a way to make a scenario work when others have given up, we are known for making the alternative financing process a smooth and pleasant experience:  https://www.sunpacificmortgage.com/hard-money-loans-us/  

REFERRING BROKERS & AGENTS

Many referring real estate agents and mortgage lenders & brokers have joined our family this past year entrusting their clients to us when they were unable to assist them in procuring a loan.  We expertly handled matching up private investors with close to 240 loans last year, with the respective borrower and their lender or realtor happy with the outcome: https://www.sunpacificmortgage.com/brokers-and-lenders-info/

Below is what just a few of our satisfied referring lenders and agents had to say: 

“What I liked most about working with you was your SPEED. My borrowers/clients were happily satisfied. You are our go-to for Owner Occupied hard money, so I definitely refer you to anyone!”
–  Bank Acct Manager, E.G. 

“This is my 3rd file with you Broker, in less than 30 days, and each interaction with you has been pleasant, casual, professional and I’ve had nothing but praises for you and Sun Pacific.   I’m looking forward to much continued business with you and Sun Pac.”
– D.M. – Broker

PRIVATE INVESTORS

This trust that our borrowers and referring Agents have in us extends to our faithful following of investors: https://www.sunpacificmortgage.com/invest-in-trust-deeds/

Our thorough vetting process of all the loans that come through our office, before presenting them to our investors, has gained us many loyal investors who feel comfortable funding our available deeds of trusts.  Again, last year we financed over $100million in Notes!  

From one of our Private Investors: “These guys are very local and well trusted.  Broker has been around a while and stakes his family reputation on his business performance.  In the past year, my husband and I have used him for investment opportunities and appreciate working with him and his get-it-all-done Sister Processor.  I am very satisfied and appreciative of Sun Pacific.”
– K.M.

To all our borrowers, lenders, real estate agents, and investors, we thank you for your part in making 2019 one of the best of our 32 years!  2020 has started off with a bang, and we are looking forward to serving you with the same integrity and professionalism you have experienced from us in the past.
https://www.sunpacificmortgage.com/about-us/

Real Estate Predictions for 2020

February 11, 2020

Real Estate Predictions For 2020

At the end of the year all eyes are on the new year.  Too bad we don’t have a crystal ball to predict the real estate market of the future.  We only have the current situation and historical trends to guide us.  

Real estate market trends are driven by several factors:  inventories, home prices, interest rates, days on the market, regional differences, population shifts, and global stability to name a few.  No wonder it is virtually impossible to predict the future.

Let’s look at a few the driving forces which have influenced real estate in the past:

INVENTORIES:  Housing inventories have fallen for the past 43 straight months, going back to 2016 according to the noted housing expert, Eman Hamed Mashvisor.  This shortage has driven up prices and increased competition, especially in the entry-level home market.

HOME PRICES: The rise of home prices has outpaced income by 31% since 2013.  2019 saw some moderation in pricing, but still leaves the appreciation rate for 2020 at 3.7%.

MORTGAGE INTEREST RATES: Rates continue to drop for the conventional lending community.  Those who fail to qualify for these loans can look for relief from alternative financing Hard Money lenders, such as Sun Pacific Mortgage, to help get them into a home or invest in rental properties.

MILLENNIALS:  Don’t discount the impact of the immense millennial market in 2020.  Their demand for entry-and-mid-level homes in urban areas could help keep us in a seller’s market given the lack of inventories.

 

What have we learned from history and from this examination of the present market?  Real estate is a complex entity. The only prediction that is guaranteed for 2020 is the world of real estate will remain interesting.  Get ready to enjoy the ride! 

Recently Funded – Growing In Popularity

February 6, 2020

32Promo

Ever-Growing Popularity For This Financing

Last year our family of borrowers grew to more than 10,000!  Many of these new clients were referrals from our trusted army of referring Realtors, Lenders and Mortgage Brokers who turned to us for assistance in getting their home buyers and borrowers the financing they needed.

“You have no idea how happy you made this client. Distressed situations are never easy, but you really did make it as quick and easy as possible. (And this was not an easy transaction so THANK YOU!)  More to come!” – Lender, Elise B.

We look forward to helping you or someone you know with our alternative financing, also known as Hard Money. Call Us at 707-523-2099 and we will get back to you quickly!

Recently Funded

Location: Concord, Contra Costa County
Finance Program: Business Purpose Primary Residence Cash-Out
Loan Size: $325,000 with 57% LTV
Days To Finish: 24
Why Needed Us: Had short sale and bankruptcy in past, stopping him from qualifying with other conventional lenders. 

Location:  Diamond Springs, Eldorado County
Finance Program: Investment Property Purchase
Loan Size: $1,050,000 with 40% LTV
Days To Finish: 21
Why Needed Us: Condition of property was making it difficult for other financing. 

Location:  Rancho Santa Margareta, Orange County
Finance Program: Primary Residence Temporary Financing
Loan Size: $460,000 with 63% LTV
Days To Finish: 14
Why Needed Us: Self employed with difficult to prove income. 

Location:  Napa, Napa County
Finance Program: Primary Residence Refinance with Cash-Out
Loan Size: $350,000 with 58% LTV
Days To Finish: 19
Why Needed Us: Needed fast cash for business purpose use. 

Location:  Santa Rosa, Sonoma County
Finance Program: Investment Property Refinance
Loan Size: $508,000 with 64% LTV
Days To Finish: 26
Why Needed Us: Poor credit

Tips To Sell Your House in 2020?

January 28, 2020

Tips To Sell Your House In 2020

When you finally decide to sell your home, what mistakes should you consciously avoid in order to have the best outcome? Although you are excited to make new memories in new spaces, you still carry deep sentimental attachments to the house you are leaving behind.  This emotional dichotomy can result in some costly mistakes. So, how should you manage this tug-of-war and prepare for the process? Here are a few suggestions: 

  • Keep in mind that the bank will not lend more than the house’s appraisal, so be careful when pricing your home.  A real estate professional can give you the comparable pricing for homes in your neighborhood. This information will help you decide on a price that will hasten the sale of your home.  Too high a price can lead to many weeks on the market. In contrast, the recent market trend has shown that a lower price often results in a bidding war, which can lead to a much higher profit than you anticipated.  
  • Being too emotionally attached to your home can make it difficult to be objective when presented with an offer.  This can present problems when trying t to negotiate. Listen to your real estate professional. They have the market knowledge that you are paying them for.
  • Staging can make or break a deal.  While you might be proud of your décor, a buyer wants to see themselves living in your home, not you.  To help the prospective owner of your house see themselves living there, it is imperative to stage it. Declutter and take down personal images as much as possible. 
  • If you cannot afford a professional stager, your real estate agent will be a valued asset in helping to make your homen buyer ready.

Remember to breath.  This is just a process to take you to the next chapter of your life.  You have many professionals who are available to help you make this step easier and even enjoyable.  Good luck! 

Should You Sell or Stay When You Retire?

January 21, 2020

Should You Sell Or Stay When You Retire

One of the major decisions facing the newly retired is what to do with their home.  Some retirees want to downsize so they have fewer maintenance chores, while others can’t imagine living anywhere else.  Still others consider using the equity in their home to buy another smaller home and use their former primary home as a rental.  

Let’s examine some of the reasons for selling…and staying put: 

Influx of Funds:  Given the lack of savings many go into retirement with, selling can offer the funds to offset a lack of retirement savings.

Tax Break:  If you have lived in your home for the last two out of five years, you can exclude $250,000 of the capital gains from the sale of the house if you are single, and $500,00 if you are married.

Eliminating Maintenance Costs:  Do you really need all those rooms and square footage?  Are there stairs that could present a problem as you age?  Remodeling can be expensive.

Buy Your Ideal Home:  Location preferences change once your children are gone.  You may need to be nearer to doctors or want to be closer to your grandchildren.

Staying Put:  Staying in your home may be cheaper in the long run than renting.  Much depends on the amount of equity you have acquired. If the equity is low, you might be better off selling and renting, depending on the rental rates in your area.  On the other hand, if a home is appreciating in value, and you can afford the present mortgage, it might be worth holding on to it.  

Finally, there is the emotional attachment to a home where you raised your children and celebrated family milestones.  These non-financial reasons may be the strongest motivator for staying put.

When it comes to a home, retirement planning depends on your individual and unique financial picture.  The positive aspect of this time in your life is that you often have options you might not have had in your working life.  

Enjoy the freedom, whatever you decide.

Honored To Be A Family Business for 32 Years

January 14, 2020

32Nd Fireworks

And it is clear many Borrowers, referring Realtors, and Brokers are happy we are here too. See below for what they have to say! 

Now into our third decade as licensed Realtors, Lenders and Hard Money Brokers, we have become expert in the alternative financing known as Hard Money or Private Money loans – and we have never run out of money to lend! 

Repeat customers, referred customers, realtors, lenders and brokers, we are privileged to have clients who have been placing their trust in us for the past 30 years and more.  

It’s a trust we could never buy. It is a trust you can count on. 

If you need fast financing or the other lending institutions have turned you down for a real estate loan, give us a call… and let’s get you that money!

Over 3 Decades of Referring Realtors & Mortgage Brokers:

“I appreciate your underwriting efficiency, communication and ability to close within 5 days.  We will surely work together again in the near future.” D.M. – Broker

“What I liked most about working with you was your SPEED. My borrowers/clients were happily satisfied. You are our go-to for Owner Occupied hard money, so I definitely refer you to anyone!” – Bank Manager, E.G. 

“Thank you as well Broker! You have no idea how happy you made this client. Distressed situations are ever easy, but you really did make it as quick and easy as possible. (And this was not an easy transaction so THANK YOU!)  More to come!” – Lender, E.B.

“I have a couple of loans with Sun Pacific and they are doing well. I would recommend them to do business with. I have been a broker for 44 years here in Sonoma County.”
– S.G. Broker

Over 3 Decades of Happy Borrowers:

“Hard Money was the only financing that could help! Click to watch video (link it to this testimonial video: https://youtu.be/ltO_ZF0WJX4 .  

 “[Sun Pacific] team pulled through last minute for us to get us the loan we needed to save our house! From start to finish they made everything smooth and instructions were always clear and answered quickly. We are so grateful to have found them to help us during an otherwise stressful time. Highly recommend!!”  – Cassandra L.

“I was impressed by the tie of speed and service. You jumped on it and didn’t drag your feet like I’ve seen with other companies. The main reason for this loan was to pay off some accumulated unsecured debt. I wanted to get a fresh start…” – Borrower, R.R.

“I very much appreciated the speed of the whole loan process. I wanted a Hard Money loan to combine my existing 1st and 2nd and pay off a bathroom remodel. You are extremely competent – everyone I dealt with through your company up to and including the mobile notary. I really cannot think of anything that you could improve upon!” – Borrower, J.L.

Recently Funded – New Resolution

January 9, 2020

Recently Funded – New Resolution

It’s not just a brand-new year, it’s a brand-new decade.  So how about making this year’s resolutions about your real estate financing be based on proven successes and real testimonials of so many happy borrowers?  

If you, a client or friend need fast financing or were turned down elsewhere, we can help with our Hard Money alternative financing programs. 

Call today 707-523-2099 with your scenario.  We’ll let you know how we can help you accomplish your New Year’s real estate finance resolutions!

Recently Funded Loans

Location:  Tiburon, Marin County
Finance Program: Temporary Refinance for additional business-purpose cash.
Loan Size: $320,000 with 19% LTV
Days To Finish: 20
Why Came To Us: Had poor credit so working to improve this by doing debt consolidation. 

Location:  Los Angeles, LA County
Finance Program: Short term refinance of primary residence
Loan Size: $270,000 with 62% LTV
Days To Finish: 2
Why Came To Us: Self-employed with difficult to prove income. 

Location:  Sacramento, Sacramento County
Finance Program: Primary residence cash-out refinance
Loan Size: $310,000 with 56% LTV
Days To Finish: 12
Why Came To Us: Credit scores were too low for a loan elsewhere. 

Location:  Palm Springs, Riverside County
Finance Program: Non-Owner/Investment Property Cash-Out 
Loan Size: $409,000 with 64% LTV
Days To Finish: 3
Why Came To Us: Needed fast financing to close on an investment deal. 

Loan of the Week – Start 2020 Off Right!

January 2, 2020

Happy New Year Right

Start the Year RIGHT By Getting Loan Approval!

Wouldn’t it be great to start the year off right with “LOAN APPROVED”?  We can make that happen!

For over 3 decades now we continue to offer our trusty alternative finance programs for both real estate purchase and refinances.  Let us help you and/or your client today, by providing FAST loan approval with one of our Hard Money programs. 

 

Holiday Loan of the Week

A Mortgage Broker called us for help with one of his borrowers, as he was having difficulty with his Underwriters who weren’t approving the needed cash-out. This borrower owned his home free and clear in Contra Costa County, but due to a divorce  the past year, his credit had some issues which weren’t being cleared up quick enough. 

The borrower needed some fast cash to help pay off some urgent bills as well as help close on another real estate business transaction.  He could no longer wait for the current conventional Underwriting, but needed fast help with a $350,000 Hard Money loan at a low 26% loan to value. 

This is where we stepped in and within just a few days, the relieved homeowner and his Mortgage Broker heard the merry phrase “loan approved!”.  And just about 5 days later, the borrower had cash in hand. 

Call us at 707-523-2099 with any questions or scenarios.  We’ll help you and/or your client start the year off great by getting that awaited “loan approved”!

Recently Funded – Make it an Alt-A Christmas!

December 19, 2019

Christmas Promo 1

We hope to make your holidays brighter by offering up our uniquely fast, smooth and lower-rate alternative financing program for your real estate needs. 

Let’s make it the best Alt-A Christmas ever! 

– We provide FAST Closing – have your loan done before the holidays!
– In business 3 decades – almost as long as Santa.
– We are family owned and operated – with over 10,000 happy borrowers!
– Lower Hard Money rates – as low as 6%*.

Call today 707-523-2099, we’ll let you know quickly how we can help make your holidays brighter!

Recently Funded Loans

Location:  Santa Rosa, Sonoma County 
Loan Program: Investment Property Refinance
Loan Size: $550,000 with 68% LTV
Why Came To Sun Pacific: Having difficulty getting financing elsewhere due to “owning too many properties” and debt to income ratio. 
Days To Finish: 12

Location:  Bell, Los Angeles County
Loan Size: $409,000 with 64% LTV
Loan Program: Business Purpose Refinance of Investment Property
Why Came To Sun Pacific: Poor credit so wanted to consolidate business debt and personal high-cost credit cards. 
Days To Finish: 14

Location:  Walnut Creek, Contra Costa County
Loan Program: Temporary Refinance of Primary Residence 
Loan Size: $350,000 with 26% LTV
Why Came To Sun Pacific: Credit wasn’t good enough due to recent divorce but needed fast cash. 
Days To Finish: 13

Location:  San Diego, San Diego County
Loan Size: $320,000 with 70% LTV
Loan Program: Temporary Refinance on Primary Residence
Why Came To Sun Pacific: Self-employed with difficult to prove income. 
Days To Finish: 9

 

*APR for this rate based on a $200,000 first mortgage is 6.31%. 

Simple Ways to Make Your House Smell Like the Holidays

December 10, 2019

Simple Ways To Make Your House Smell Like The Holidays

Several behavioral studies have demonstrated that smells trigger more vivid emotional memories and are better at inducing that feeling of “being brought back in time” than images. Never is that more apparent than during the holiday season.   Winter holidays would not be the same without the warm, cozy scents of the season.  How can you incorporate this memory inducing phenomenon? Here are a few suggestions from the experts:

  1. Fresh greenery:  Wreaths, garlands and arrangements filled with winter foliage.  You can add to your sensory experience by adding sprigs of sage, rosemary or pine into your centerpieces at the table.
  2. Make pomander balls:  These are citrus fruits pierced by whole cloves, creating a great smelling decoration.  They are believed by some to bring strength and fortune…something we can use during the holidays!  To make these, use any firm citrus such as oranges. Carve a design into the skin of the fruit using a vegetable peeler.  Poke a row of holes into the fruit with a toothpick to make you design. Push the cloves into the holes and place the arrangement in a bowl to be used as a centerpiece.
  3. Light a scented candle:  This a simple way to bring home a sense of the holidays.  Choose a favorite scent and keep it consistent throughout the house…even the bathroom!  
  4. Simmer a pot:  A quick, easy way to fill your home with delightful seasonal scents is to simmer a pot with water (or use a slow cooker) and fill it with orange or apple peels, cranberries, nutmeg, cloves,  and/or a stick of cinnamon.
  5. Bake some treats:  There is nothing like the delicious smells of gingerbread, apple pie, or sugar cookies baking in the oven.
  6. Essential oils:  Add essential oils to a bowl of pinecones.  Unlike burning candles, essential oils are safe to use round the clock and provide a continuous mood-enhancing aroma. 

Have a memory-filled holiday season enhanced by the many scents of pine, cinnamon, cranberry, and gingerbread.  And enjoy with friends and family! 

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