California's Hard Money Lender Since 1988

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Get Your Loan This Holiday…

Dec 12, 2016 (0) comment , , , , ,

…From The Guys in the White Hats & Ugly Holiday Sweaters! To get a better idea how we can help you get a loan this Holiday season, read the below various scenarios we have funded through our office. Loan approval is primarily based on just two things: 1. Equity in existing property or a decent…

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The Holidays Are Here…5 Reasons To Buy AND Sell Real Estate Now.

Dec 02, 2016 (0) comment , , , , ,

With the Holiday rapidly approaching, home buyers and sellers tend to decide to take a break.  This is the exact wrong time to stop house hunting or house selling! For home buyers looking to buy their first home or move up home, house prices are projected to increase. If you wait, you will end up…

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What is a Hard Money Loan?

Nov 29, 2016 (0) comment , , , , ,

Hard Money loan qualifications are more forgiving than conventional or bank financing and the two basic qualifications are: #1. Decent existing real estate equity or at least a 25% down payment if a purchase and #2. An ability to repay the loan. You could get up to 70-75% of the value of the property. If…

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What Are The Differences Between A Traditional Loan And A Hard Money Loan?

Nov 17, 2016 (0) comment , , , , ,

  If you have ever applied for a mortgage with a bank, you know it can be a long and sometimes difficult loan process. It seems traditional lenders want an inordinate amount of information from you. General loan requirements include your loan applications, minimum credit scores, bank statements, income verifications, borrower and property financials, etc., etc.…

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Is A Private Money Loan Considered Cash?

Nov 15, 2016 (0) comment , , , , ,

  A private money loan is basically considered a cash sale by the Seller, making the possibilities of closing the deal more certain.  The offer is still considered a loan, but it comes with several benefits that both parties will appreciate: 1. No loan contingencies, since the borrower and property have been fully vetted before…

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Hard Money Loan of the Month – November

Nov 07, 2016 (0) comment , , , , ,

By Ken Walker, Lead Loan Originator Just the other week a couple called needing a loan to buy their houses out of a Family Trust.  There were family disputes occurring and this needed to occur fast otherwise they would be forced to sell the houses. They were unable to get a conventional loan due to…

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Be Prepared For Seasonal Changes In The Market!

Nov 03, 2016 (0) comment , , , , ,

Our loan preapproval process is based primarily on 2 things: Loan to value and Ability to repay (far more flexible than conventional underwriting)   We loan up to 75% of the value of the property and in some instances as high as 80%.  We do Jumbo Loans commonly. Below are some recently funded loans for…

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What Credit Score Is Needed To Buy A Home?

Oct 28, 2016 (0) comment , , , , ,

Many potential home buyers believe that they need a score over 780 to qualify.  In today’s world, this is no longer true. One of the more common misconceptions keeping potential home buyers from beginning their search has been the fear that their credit score is too low. According to a recent study by The Wharton…

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Hate Turning a Borrower Down?

Oct 20, 2016 (0) comment , , , , ,

We get loans brokered or referred to us by mortgage professionals who had to tell the borrower “no” for whatever reason. Most that call us need quick action and approval – because they are running out of time. You actually do want to help – and have had underwriting fail you. Sun Pacific Mortgage is…

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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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