California's Hard Money Lender Since 1988

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A Realtor’s Strong Right Arm

Jun 28, 2013

LENDER’S VIEWPOINT
by Broker, Forest Tardibuono

forest and his hat_small

As you have seen, the housing market values are only going up, but still the current prices are too good to miss out on.  And despite news about rates increasing, the interest rates are still within the range of 50 year lows!

Freddie Mac has reported that the rates for 30-year fixed mortgages rose about ½ percent in the past weeks.  These rates aren’t expected to rise more than ½ percent by this same time next year, as mentioned by National Association of Realtors, the Mortgage Bankers Association and Fannie Mae.

The bottom in home prices and interest rates has passed. Waiting no longer makes sense.

For renters, their rents will go up.  If rents go up in the next 30 years at the same rate they did over the prior 30 years then someone renting today for $1,600 will be paying $4,496 in 30 years. Why rent when you could buy?

Don’t be 30 years older, paying an outrageous rent and no accumulated wealth because you paid your landlords mortgage for all that time.  An increase in rates will obviously impact each home owner’s monthly mortgage payment so if you wait, you will end up just having to pay more!

I have saved the bacon for agents and conventional lenders on multiple transactions so far this year, closing several of them in a week.  If turned down elsewhere, I most likely can help if they have a decent down payment or other equity to work with.

Basically considered “all cash”, such loans are extra strong and can be used to purchase or refinance dump property, bad credit borrower, irregular income borrower, large cash out borrower, Bridge loans, etc.

Home ownership is not only desirable, it is the correct financial decision to make right now.

Best,

Forest


Forest Tardibuono- the Guy in the White Hat – is a CA DRE Broker with 25 years of experience in real estate and lending throughout Northern California. His phone number is (707) 523-2099. See regularly updated website @ www.sunpacmortgage.com.

“The Guy In The White Hat – Your Hard Money Lender”. Broker and Co-Owner of Sun Pacific Mortgage & Real Estate, family owned and operated in Sonoma County California since 1988. (CA BRE License #01000559. NMLS #289456)

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