Private Mortgage Investing Is Ripe – Especially With Us!

September 18, 2014 Owner

What a great time to be a Hard Money Investor, property values are just continuing to go up. Since 2012 private money loan borrowers has only been increasing as it’s the only game in town after B of A and Wells Fargo tell the Borrower “no”. Borrowers who have poor credit or difficult-to-prove income due to being self employed but have a decent down payment or existing equity know that they can most likely get a loan from us, despite being turned down elsewhere.

Anyone with money can invest and become a Private Mortgage Investor. It’s easier than you would think.

As the Broker of Sun Pacific Mortgage & Real Estate, I have dealt with Private Investors for over 25 years and we have become known for our integrity and honesty. Numerous friendships have been formed not only with Investors but with our Borrowers, due to the smoothness and honesty of service to both.

Becoming a Private Investor can earn you upwards of 13% in return by investing in mortgages. And by investing in real estate mortgages your investment is secured. Investing in mortgages isn’t only buying or selling of mortgages at a discount. It includes directly lending your hard money to individuals and securing that loan with a mortgage against their real estate.

I promote purchase loans as well as refinance loans and these can be at any LTV up to 75%. Right now the predominant offerings are purchase loans with 30% down. These loans should be made as the security is at its lowest valuation in years and the Buyer is putting 30% down. With that down payment, there is plenty of protective equity. Further, with that down payment the homeowner is not likely to walk away from the property.

As a Private Investor you can set the yield on the promissory note with the interest rate, points and prepayment penalties. Many individuals have started or are continuing as a Private Mortgager Investor as they can secure a consistent monthly income from it. It can be an excellent cash flow for someone retired or looking to set up their retirement funds.

For example, a private investment recently done for an individual to buy a home came to $196,000 with a rate of 12% and the Investor gets a monthly return of $1,960. Homeowner is very happy and intends to refinance down the line for lower rate but gets the home they’ve been searching for!

A Private Mortgage Investor is also known as:

Private Mortgage Lender
Hard Money Investor
Hard Money Lender

These are all private individuals lending their money directly to the borrower with a promissory note with interest rates, points and prepayment penalties the investor sets, and securing that promissory note with a real estate mortgage.

Private Mortgage Investing is ripe. Time to jump on the bandwagon with Sun Pacific Mortgage & Real Estate and get a good taste!

If you are interested in investing with us then Call Our Office at (707) 523-2099 and ask to speak to me, FOREST – The Guy in the White Hat!

Hard Money Rescues Turned Down Loans

August 29, 2014 Owner

Check out our most recent Hard Money video here:

Hard Money Rescues Turned Down Loans

Jpeg Check Out Our Most Recent Hard Money Video Here:

If you feel like your loan application is drowning, soon to “die” by getting
turned down, then you need to watch this video of how I can rescue such a loan.

Real Estate loans can be hard to get for some with poorer credit, who are self
employed, had a recent foreclosure or bankruptcy. Or, you may just need a fast
loan and can’t find an “A” paper Lender who can fund fast.

This sounds like your loan request needs to be rescued, so call me, Broker – The
Guy in the White Hat! (707) 523-2099.

I can help with those drowning loans! For well over 25 years I have been
specializing in loans to Borrowers who have been “Turned Down Elsewhere” as well
as offering all other types of loans. For the last 4 or 5 years I have only
done Hard Money Loans. Recently, about 70% of the loans I have funded I had to
rescue from “A” paper lenders as they were declined for whatever reason.

There are really just 2 requirements for a Hard Money Loan: #1 You have to have
a pretty good down payment for a purchase or equity if a refinance and #2 The
ability to repay the loan.

Call me! Hope to be able to help you soon!

Best,

Broker

P.S. – We love referrals!

Loan approval is based on just 2 criteria:

1. Good Down Payment or Decent Equity

2. Ability to Repay

• Owner Occupied, Investor financing, Commercial and some Land Financing

• FAST private money purchase financing Sonoma County & Northern California.

• FICO is not a factor.

• Up to 80% loan to value, Case by case basis.

• Loan amounts from $75k – $1mil+

• Lower rates with Good Compensating Factors, Case by case basis.

• Fast refinancing.

CALL FOREST, The Guy In The White Hat at (707) 523-2099;

Or email him at forest@sunpacmortgage.com

See our website at: www.sunpacmortgage.com

CA BRE Broker – California Bureau of Real Estate Broker. Corporate License # 01464899.

NMLS – Nationwide Mortgage Licensing (Registry) System. Office NMLS # 360993

*APR based on loan amount of $130,000 is 9.469%.

Hard Money Loan Saver

June 27, 2014 Owner

Check out our most recent Hard Money video here:

Hard Money More Attractive than Ever

Jpeg Check Out Our Most Recent Hard Money Video Here:

Hello,

My last blog was the Federal and California report and forecast.

I live and operate in Sonoma County so that is the first region I’ll explore. I would guess that about 33% of the loans I write are in Sonoma County. That’s a disproportionate amount considering I lend in the top half of the state, from Salinas to the Oregon border and east to Nevada.

Lots of good news to report for Sonoma County. There was an Economic Development Board report in April 2014 that demonstrated Sonoma County business activity beats the U.S. average as a whole in expenditures for growth and customer demand. The trend is upward for commercial-sector confidence.

Another report from March 18, 2014 stated that Sonoma County’s economy is poised to further recover through 2015, bolstered by national growth that will spur gains in tourism and the wine industry, while additional support comes from, among other things, a stronger housing market.

In the Sonoma County real estate market, as in a lot of the counties in the Bay area, prices are being driven up sharply by the lack of inventory. This is good news if you are already into a home, but could make it difficult if you are looking to buy, either as your first purchase or trading up. You should keep in mind that using Hard Money in this market may make your offer more attractive to a Seller – and their agent, as in many instances it is deemed the same as cash.

So that’s the report on Sonoma County. And if you are trying to buy, persist. Home ownership is still the best financial investment you can make at any time in your life.

Best,

Broker

P.S. – We love referrals!

Loan approval is based on just 2 criteria:

1. Good Down Payment or Decent Equity

2. Ability to Repay

• Owner Occupied, Investor financing, Commercial and some Land Financing

• FAST private money purchase financing Sonoma County & Northern California.

• FICO is not a factor.

• Up to 80% loan to value, Case by case basis.

• Loan amounts from $75k – $1mil+

• Lower rates with Good Compensating Factors, Case by case basis.

• Fast refinancing.

CALL FOREST, The Guy In The White Hat at (707) 523-2099;

Or email him at forest@sunpacmortgage.com

See our website at: www.sunpacmortgage.com

CA BRE Broker – California Bureau of Real Estate Broker. Corporate License # 01464899.

NMLS – Nationwide Mortgage Licensing (Registry) System. Office NMLS # 360993

*APR based on loan amount of $130,000 is 9.469%.

5 Reasons to Hire a Real Estate Professional

February 7, 2014 Owner

I saw this article from The KCM Blog and rang very true: 5 Reasons to Hire a Real Estate Professional
http://www.keepingcurrentmatters.com/2013/10/02/5-reasons-to-hire-a-real-estate-professional/

“The real estate market is a place where most people will make their largest investment ever. It is a place where fortunes can be, and often are, made. It is not a place, however, for you to ‘wing it’.

“While the myriad TV shows about real estate make the process look so simple – it’s not really that simple… they make it seem like all you need to do is slap a for sale by owner sign in the yard, have one open house with fresh flowers and fresh baked cookies and bam! SOLD! in one day….

“You need a professional, full time, well educated, ethical and trustworthy REALTOR to represent you whether buying or selling real estate.”

In my 26 years working in Real Estate I can tell you that you’re better off hiring a Real Estate Pro. I know from first-hand experience the amount of paper work and negotiations you need to do to own a home is sometimes overwhelming to a Home Buyer. And beyond paperwork, there is the experience of being a RE Pro that you will want on your side.

I’m sharing this article with you in hopes to assist in your home buying experience. I’ve seen people try to go about buying a house without an Agent and usually it winds up in heart ache.

Best,
Lynn

Owner is Co-Owner/ Realtor® and Flipper Chick of Sun Pacific Mortgage and Real Estate, family owned and run since 1988 in Northern CA. www.sunpacmortgage.com. BRE license #01464899

2014 is the Year of Hard Money Loans

February 6, 2014 Owner

2014 is the Year of Hard Money Loans from The Guy in the White Hat

Hello,

Preview of coming attractions! I will have a future, more exact Blog on the recent changes to Hard Money lending – High Cost loans. For now, I have taken all in stride and will continue to promote Hard Money loans that fully conform to all the changes.

Most of the changes impact Owner Occupied loans and none are horrible. Some key things that will be different in my Owner Occupied Program… 1. All Borrowers have to do Credit Counseling through an approved agency before the loan can fund. 2. The loans cannot have balloon payments. I propose a 15 year that is interest only for the first 7 years and fully amortizes over the remaining 8 years. 3. They cannot have prepayment penalties. 4. Late fee maximum is 4% after 15 days.

I’ve listed below recent Hard Money loans financed through my office and hope these give you a better idea as to how I can help you and/or your clients. I will keep the loans coming!

Best,

Broker

RECENTLY FUNDED HARD MONEY LOANS

Great Private Money Rates as low as 8.5%*!

Jpeg 2014 Is The Year Of Hard Money Loans From The Guy In The White Hat

Guerneville, California

Loan Type: 2nd Non-Owner Cash-Out

Loan Amount: $96,000

Days to fund: 6 days!

Reason for hard money loan: Multiple Properties Owned

Jpeg 2014 Is The Year Of Hard Money Loans From The Guy In The White Hat

Santa Rosa, California

Loan Type: Bridge Loan (1st & 2nd)

Loan Amount: $464,000 & $85,000

Days to fund: 14 days!

Reason for hard money loan: Self Employed

Sonoma, California

Loan Type: 2nd Home

Loan Amount: $110,000

Days to fund: 15 days

Reason for hard money loan: Needed Fast Financing

Vallejo, California

Loan Type: Owner Occupied Cash-Out Refinance

Loan Amount: $140,000

Days to fund: 13 days!

Reason for hard money loan: Condition of property

Cloverdale, California

Loan Type: Owner Occupied Purchase

Loan Amount: $503,200

Days to fund: 15 days

Reason for hard money loan: Poor Credit

Ukiah, California

Loan Type: Owner Occupied Purchase

Loan Amount: $112,500

Days to fund: 17 days

Reason for hard money loan: Poor credit

South Lake Tahoe, California

Loan Type: Non-Owner Purchase

Loan Amount: $200,000

Days to fund: 20 days

Reason for hard money loan: Self Employed

Jpeg 2014 Is The Year Of Hard Money Loans From The Guy In The White Hat

El Cerrito, California

Loan Type: Owner Occupied Purchase

Loan Amount: $418,000

Days to fund: 14 days!

Reason for hard money loan: Condition of property

Loan approval is based on just 2 criteria:

1. Good Down Payment or Decent Equity

2. Ability to Repay

•Owner Occupied, Investor financing, Commercial and some Land financing.

•FAST private money purchase financing Sonoma County & Northern CA

•FICO is not a factor.

•Up to 80% loan-to-value – Case by case basis.

•Loan amounts from $75,000 – $1mil+.

•Lower rates with Good Compensating Factors – Case by case basis.

•Fast refinancing.

SPECIAL NOTE: WE CAN DO A LOAN FOR SOMEONE FRESH OUT OF FORECLOSURE, BANKRUPTCY OR SHORT SALE!

CALL FOREST – The Guy In The White Hat – at (707) 523-2099;

Or email him at forest@sunpacmortgage.com

See our website at: www.sunpacmortgage.com

Hard Money Lender Serving Sonoma county since 1988!

800 Mendocino Ave. Ste 2

Santa Rosa, CA 95401

(707) 523-2099

www.sunpacmortgage.com

*APR based on loan amount of $130,000 is 9.469%.

CA BRE Broker – California Department of Real Estate Broker. Corporate License # 01464899.

NMLS – Nationwide Mortgage Licensing (Registry) System. Office NMLS # 360993

Avoid The Biggest Property Seller Mistakes

January 31, 2014 Owner

If you are considering selling a property (as a home owner or even a Investor) here is a good article to review, to help you steer clear of these common mistakes. In my 26 plus years of being in the real estate market I can tell you these are factors are ones to keep in mind when you are thinking of selling – they can get that property sold quicker.

A recent ActiveRain Real Estate Network article “Biggest Home Seller Mistakes” from January 23, 2014 covers 10 fundamental points for the Home Seller, based on a recent survey done. Original Active Rain article here: http://activerain.com/seller-mistakes

Below is just one of these points, which I have seen all too many times and try and work closely with my clients to avoid any such scenario:

1. Overpriced Home

Nothing shocking here. This was far and away the most common mistake sellers make that prevent them from selling their home.

If you overprice your home there is a pretty good chance no one is going to want to buy it. Real estate agents do not set the real estate market. A great real estate agent will suggest a price at which to list your home based on comparable homes that have already sold in the market. Overpricing a home to ‘see if you can get someone to bite’ is not a strategy employed by someone really serious about selling. Overpricing a home will lead to missed opportunities with buyers that are serious about buying in the range at which your home should be listed.

The first week during which a home is listed will generally be the time that the most eyeballs are on the home and the largest potential pool of buyers will be exposed to the listing. Setting a price that reflects the market is essential to selling! This is exacerbated in a downward trending market. Many a seller has lost thousands, even tens of thousands of dollars chasing a market down after setting a listing price that was outside what the market was willing to bear.

Margaret Goss, a Broker with Baird & Warner on the North Side of Chicago gives you a few reasons that an agent will take your overpriced listing and then shares the repercussions of making the decision to price your home too high.

Selling a house is a lot of work but doesn’t have to be a “nightmare”. For example, if you have too few poor photos (messy spaces) on MLS or you are not available for house showings or to little showing times, the house messy or smelly when showing it, etc. none of these will help to sell the home quickly or for the price you want.

Best, Lynn
Owner/Realtor® – Flipper Chick
Owner is Co-Owner/ Realtor® and Flipper Chick of Sun Pacific Mortgage and Real Estate, family owned and run since 1988 in Northern CA. www.sunpacmortgage.com. BRE license #01464899/NMLS #360993

Job Growth, Home Sales Will Continue Expanding in 2014 and Beyond

December 20, 2013 Owner

As Hard Money Broker and business owner this good article to share, mostly highlighting the last bullet points:

Looking ahead, the latest Burns report predicts:

§U.S. home prices will rise another 15 percent from 2014 through 2017.

§Home prices will reach “normal affordability levels” in 2015 and then become unaffordable.

§Interest rates on 30-year, fixed-rate home loans will reach 4.5 percent in 2014, 5 percent in 2015, 5.5 percent in 2016, and 6 percent in 2017.

Read the rest here: http://blog.pacunion.com/job-growth-home-sales-expand-2014-beyond/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+pacunionblog+%28Pacific+Union+Blog%29

12 Days of Christmas for Home Sellers

December 6, 2013 Owner

12 Days of Christmas for Home Sellers

Do you want to sell your home but are afraid no one will want it? As a Real Estate Agent, do you have potential clients who are hesitant to list their house due to the condition of their property? It’s time to be merry and realize there is no need for worry! I have all-cash Buyers who are ready to close fast, despite condition of the property.

In light of the Holidays, here is my 12 Days of Christmas to cheer up Home Sellers:

On the First Day of Christmas my true love said to me “we have no money to fix the house”.

On the Second Day of Christmas we thought we could just sell, but we had some major problems – would anyone buy? On the Third Day of Christmas we decided maybe we could fix it…We only needed a new roof, new windows, new carpet, new kitchen and new bathroom!

On the Fourth Day of Christmas we were in a gloom, we’d never be able to sell…. Just too many problems, too much work needed, no money!

On the Fifth Day of Christmas we had a bright idea! There are people who want a house like ours because they CAN fix it! (Uh Oh, the furnace just went). On the Sixth Day of Christmas we called our realtor and told her our problems. She said “no problem, you can get a new smaller, nicer, more modern home now that the kids have moved out.”

On the Seventh Day of Christmas she brought us a cash buyer who was ready to close. Our eyes were all aglow!

On the Eighth Day of Christmas we had to hustle and find a new home! We dashed around and dashed around all over town!

On the Ninth Day of Christmas we found our cute little new modern home. Our eyes how they twinkled with merry cheer and delight. On the Tenth Day of Christmas we had nothing to do but wait, while our realtor flew like a flash to make this the best Christmas to date.

One the Eleventh Day of Christmas our new home was so near, and our old rundown house was in good hands – with great anticipation we cheered and cheered and cheered! On the Twelfth Day of Christmas we picked up our keys and thought “MERRY CHRISTMAS TO ALL AND TO ALL A GOOD NIGHT.”

Call me at (707) 523-2099, Owner – Realtor® and Flipper Chick at Sun Pacific Mortgage & Real Estate.

If you or a client is thinking of selling a home that needs some “TLC” I have been in the Real Estate business here in Sonoma County since 1988 and can help get that property off your hands with my all-cash buyer who’s ready to close fast!

You can get more information at www.sunpacmortgage.com. DRE license #01014873

Hard Money Loans versus Government Loans

November 8, 2013 Owner

The KCM article caught my attention and this specific excerpt explains why:

The Curious Case of the Jumbo Mortgage

By Miranda Marquit, financial writer for RateZip.com on October 16, 2013 in Interest Rates

http://www.keepingcurrentmatters.com/2013/10/16/the-curious-case-of-the-jumbo-mortgage/

“Private vs. Government Funding

As we move further from the financial crisis, it makes sense to start asking if and when the mortgage industry will return to a world where private money plays a greater role and government institutions such as Fannie, Freddie, and the Federal Housing Administration (FHA) play a smaller one. Recently, our representatives in Washingtonhave begun to discuss plans to dissolve Fannie and Freddie and bring private money back into the game, and that’s a good start. In the past few months, we’ve also seen a few encouraging trends in the jumbo mortgage market that could point toward a mortgage industry less reliant on government guarantees.”

Private Money or Hard Money has been around for many years and has remained stable throughout….even now having rates improve to lower than I’ve ever seen.

I’ve dealt with every type of loan program since starting Sun Pacific Mortgage and Real Estate with my wife in 1998. I now only do hard money/private money loans but still keep abreast of the other loan programs, especially those which I know home buyers could potentially qualify for, so I can refer them to the right program and local Lender.

However, I do hark back to those early days when conventional loan rates were between 11-14% and over the past 25 years these rates have fluctuated. Hard money rates haven’t wavered, except now to go lower than I’ve seen since I started in this business.

So, just know that my hard money/private money loans remain reliable and I stand by, ready to assist you!

Best, Broker

Owner/Hard Money Broker – The Guy in the White Hat

Owner is Co-Owner and CA BRE Broker known as “The Guy in the White Hat” of Sun Pacific Mortgage & Real Estate – Your Northern CA Hard Money Lender since 1988. www.sunpacmortgage.com. BRE license #01464899/NMLS #360993

Hard Money Math – Simple Loan When Said Right

October 4, 2013 Owner

LENDER’S VIEWPOINT
By Broker, Owner

Hard Money Math

The lending choices for Buyers in this market have been simplified. There are “A” paper lenders for Buyers who have really great credit, verifiable income and verifiable cash to close the transaction. Next are Hard Money lenders, who require a good down payment and an ability to repay the loan.

There is really nothing in between. So it really compels real estate brokers and agents as well as Buyers to become familiar with what Hard Money is all about.

Hard Money is very simple mathematically.

Here is an example assuming a purchase price of $200,000.

The “good down payment” mentioned above would be a minimum of 30%. There are occasions where 25% will work but for this example we will use 30% as a down payment. On a $200,000 purchase price that would be $60,000.

That would leave you with a loan amount of $140,000. For a Hard Money loan payment you need to multiply the interest rate offered for your profile as a Buyer, times the loan amount to get how much interest you will pay per year. Then divide it by 12 months to get the monthly payment. For this example, here is what it would look like with a *10.50% interest only loan for $140,000. That’s $140,000 X 10.50% = $14,700. Divide this by 12. $14,700 ÷ 12 months = $1,225 per month.

Please note that the 10.50% rate mentioned above applies in my office and can be higher or lower depending on the down payment, loan size, property, property location, occupancy type, etc.

Hard Money is here to stay and is a vital tool for the busy realtor and for Buyers who have tried the “A” paper route and been turned down. 2/3 of the loans I do are for purchases. The Buyers are so grateful too, as they thought they had no chance for home ownership.

I invite you to call your local Hard Money Broker and really get the further scoop on what Hard Money is all about. It is the only loan program I now offer. After 25 years of doing this, I know of which I speak.

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

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Trusted Private Money Lenders Since 1988!

Hard Money Rescues Turned Down Loans

Hard Money More Attractive than Ever

12 Days of Christmas for Home Sellers

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