California's Hard Money Lender Since 1988

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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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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 , , , ,

top10 - 1

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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Deal of the Month, We Cannot Lie

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


Hard Money Loan of the Month By Ken Walker, Lead Loan Originator Investment Property Purchase in Sea Ranch, California Two weeks ago a borrower called needing a loan to buy a new Rental Property in Sea Ranch, California as part of a 1031 exchange.  Her current Lender was unable to perform with the speed that…

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Are You A Risky Borrower?

Jul 21, 2016 (0) comment , , , , ,


I have heard numerous stories from my past borrowers where they were told how acquiring a home loan would be an unending, agonizing and complicated process. And that on top of this, one minuscule credit problem was going to end their journey to getting their dream home. This is not the case if you findthe…

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My Own Hard Money Story

Jul 12, 2016 (0) comment , , , , ,


I wanted to tell my personal story about Hard Money financing to help other families struggling with loan approvals. My Husband and I could not get any local bank or credit union to approve our loan application to buy our first home.  I had not yet worked at my job for 2 years and my…

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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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