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Stock Market vs. Real Estate

Stock Market vs. Real EstateAfter the rollercoaster ride the stock market has been on recently, checking the value of your home should come as a welcome relief. As Homeowners, you got a big boost over the past few years thanks to rising home prices. Much of your net worth came in the form of home equity.

Over the past two years, particularly, home prices appreciated substantially. According to Corelogic, the average home equity in California rose by $117,000. To explain why this matters so much, Lawrence Yun, Chief Economist at the National Association of Realtors, explains it this way:

“…the decline in the stock market has dented overall net worth. It has fallen by $6 trillion from the first to the second quarter. Only housing wealth has held on, with homeowners’ real estate wealth rising by $1.2 trillion.”

Homeownership is historically a great hedge against inflation, too. Because your largest monthly payment is your mortgage, you can lock this obligation in for the duration of your loan enabling you to stabilize some of your monthly expenses.

If you are looking to increase and protect your family’s wealth, consider becoming a Private Mortgage Lender with Sun Pacific Mortgage. We take the hassle out of owning property! Once you have made your investment, you can just sit back and collect the payments stress free. Monthly your higher return interest profits come back to you (upwards of 13%) – that kind of passive income is hard to come by anywhere else. Give us a call at 707-523-2099 or check out our Investor website page here https://www.sunpacificmortgage.com/invest-in-trust-deeds/ and send in a form for further data.

Solano County Experiencing Unprecedented Growth

fairfield ca

Businesses headquartered in other counties or states have recently come to Solano County ushering in an uptick of population growth for the cities of Benecia, Vallejo, Dixon, Vacaville, Fairfield, and Suisun City according to a recent article in the North Bay Business Journal.

With the effects of the pandemic shutdown being felt everywhere, these cities have tried to keep above water by relaxing impact fees to maintain and foster growth.

In Vallejo, local government has reduced red tape and updated parking requirements and the zoning code.  Recent additions to the business world have included a management firm responsible for long-term planning and Tesla.

Two new additions to support employees in Dixon are the arrival of a GE Appliance distribution center and TEC Equipment of Portland, Oregon.  Both companies will add to the employment opportunities available to Solano County residents.  Significant funding from the California Department of Housing and Community Development have assisted Dixon businesses impacted by the pandemic.

Vacaville continues to attract biomanufacturing companies which is aiding in the economic growth of the area.  The city is fast-tracking programs for business entitlement approvals.  New hotels and eateries are springing up to support the influx of business.  Of special note, is the announcement that Agenus Inc. is ready to build a research and develop site to advance their study and production of oncology-related therapies.  It is believed that Vacaville’s affordable housing in comparison to other markets made the choice a logical one.  Local officials predict that the region could attract 10,000 people from all over the world to fill these biotech jobs in the next few decades.

Equidistance between San Francisco and Sacramento, Fairfield is an appealing location for a transportation hub for Northern California with a rail terminal downtown.  With its affordable housing prices, Fairfield is attracting businesses and homebuyers.  To aid in the acceleration process of homebuilding, the city has instituted a new tool that prequalifies architectural submittals.

From this report we can conclude that business is booming in Solano County and for the present, housing is more affordable than in other parts of the North Bay.  Its location makes it easily accessible to The City and recreational areas making it a very desirable choice right now.

If you think a move or investment in this growing community is right for you, but you are not able to qualify for a conventional loan, give Sun Pacific Mortgage a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com.  We have helped thousands of folks just like you over the past 33 years we have been business.  Short-term and long-term fast private funding is available so that you can begin profiting from the remarkable growth being experienced in Solano County.

Fast Mortgages to Fall Back on!

3fc1433422800b0879d9ff92d01752fdIf you don’t qualify at this time for conventional home loan programs, having good Private Money loans to fall back on just might rescue your home purchase or refinance!

Give us the opportunity to help you, as we did below:

Local Loan of the Week

Loan program:  Rush Primary Purchase Bridge Loan
Location:  Sonoma County
Loan Size: 778k
Reason Came To Us: Borrower was in Escrow, ready to close when the current Lender’s Underwriter declined the loan due to debt-to-income ratios.  This Lender reached out, in hopes we could salvage the purchase, so the Buyers wouldn’t lose out on their large down payment and a new home.

With some rapid action on our part, we got Investor approval and quickly funded within 6 days!

Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com with any questions or scenarios.  We’ll quickly answer with what we can do to help you or someone you know.

Orange County Housing Market Report

Orange County Housing Market ReportHome prices and sales are moderating in Orange County. Following a two-year frenetic housing market, the market is finally cooling. The median house price fell 2.5% from July to August 2022, yet the median price was still 9% higher than a year ago.

Because fewer people are looking for a home, houses are staying on the market longer, giving the serious buyer more options. The median sales price in Orange County for August was $1,200,000 and the median price at the same last year was $1,100,000. This price represented a 16.8% increase year-over-year.

Orange County is the most expensive real estate market in Southern California. On average, homes in Orange County sell after 39 days on the market compared to 30 days last year. The market here, as in most communities, is shifting from hot to more balanced conditions.

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As the market continues to normalize, a year-over-year price drop may occur later this year in the Orange County housing market. Given the huge amount of appreciation over the past couple of years, homeowners and investors have little to be concerned about.

If you are looking to build your personal wealth, consider becoming a Private Investor with Sun Pacific Mortgage. Having been in business for 34+ years, we are always looking for new Investors to join our team. We offer regular trust deeds that can help you make up to 9-13% return on your investment. Give us a call at 707-523-2099 or fill out the form on our Investor website page here: https://www.sunpacificmortgage.com/invest-in-trust-deeds/

Fast Financing That’ll Give You Goosebumps!

Let us help you or someone you know with our scream-worthy Private Money Programs, just like we did below.  You’ll get goosebumps because we are that good!

image5Recently Funded

Program: Primary Residence Refinance
Amount Funded: $830,000
Location: Monterey County
Why Came To Us: Credit was poor with mortgage lates, so got our loan to consolidate high interest cards and improve qualifications for a long term traditional mortgage.

Program: Investment Property Purchase
Amount Funded: $960,000
Location:  San Diego County
Why Came To Us: Difficult to prove income as self-employed.

Program: Primary Residence Refinance
Loan Size: $673,000
Location: Sonoma County
Why Came To Us: Borrower needed to remove ex-husband from Title as part of divorce and has a small deadline to do this.

We can be reached at 707-523-2099 or visit www.sunpacificmortgage.com with your questions or scenarios.  We’ll quickly let you know how our scream-worthy Private Money loans can help you or someone you know!

California’s North Coast Home Prices Rise in August

Jenner CaliforniaIn August home prices ticked up in Napa, Sonoma, and Solano counties, but Mendocino Lake and Marin counties along with San Francisco trended downward as compared to July.

The median price for a single-family home sold across the nation in August was $440,000, while the median in California was $839,500. For the North Bay, the median was $738,000. Inventory remains low on a historical basis. At times the number of homes for sale has exceeded 10,000 for Marin, Mendocino, Napa, Solano, and Sonoma counties. Multiple listings for August show North Bay inventory was at 2,747 homes for sale, 14% below a year ago.

Find a comparison chart of the North Bay counties prices and annual/monthly changes below:image1

If you are looking to offset your losses experienced in the latest stock market tumble, consider becoming a Private Money Investor with Sun Pacific Mortgage. Hundreds of our investors are enjoying the benefits of being a passive homeowner collecting 8%-13% on their investments in California real estate. To learn more, call today (707) 523-2099 or visit our website at www.sunpacificmortgage.com.

Ghoulishly Good Financing For All!

PumpkinsNo Need To Be Frightened…We Can Fund That Loan!

Don’t be frightened if you or someone you know just missed out on qualifying for conventional financing. Take advantage of our Ghoulishly Good Private Money Loans this October for your real estate needs, just like we did below:

Recently Funded

Screen Shot 2022 10 04 at 9.10.26 AMWe can be reached at 707-523-2099 or visit our website at www.sunpacificmortgage.com with your questions or scenarios.  We’ll quickly let you know how our Ghoulishly Good Private Money loans can help you or someone you know!

Your Asking Price Matters More Now Than Ever

Why Cash Out Refinances

We are aware of the housing market slowdown from the frenzy we saw over the past two years. But what does that mean if you’re thinking about selling your home?

Because real estate prices are still appreciating although at a slower pace and mortgage rates are rising, there are more homes on the market. This new market requires sellers to be incredibly careful about how they price their home.

During the pandemic, sellers could price their home higher because demand was so high, and supply was so low. This year, things are shifting, and that means sellers need to rethink their strategy. The price set for homes sends a message to potential Buyers. If you price it too high, you run the risk of deterring Buyers.

If you need to lower your price later to attract more Buyers after it has sat on the market for a while, it can be seen as a red flag. Some Buyers will wonder what that means, and it can be a serious “turn-off.”  Your Real Estate Agent is the best able to give you a true picture of what the market looks like in your area to help you set a suitable selling price.

Real estate experts have a saying: “If it’s sitting there, there are three reasons: price, price, price.”  That may not have been the case a few months ago, but today’s Buyer is savvy enough to know that the market is not what it was for the past couple of years. Buyers will not be as quick to jump without negotiating.

So, if you are a Buyer in today’s market but are finding it difficult to obtain a loan or want to make a stronger offer with a quicker close, consider a short term private loan from Sun Pacific Mortgage (707-523-2099) or visit our website at www.sunpacificmortgage.com. We have helped thousands of Buyers like you for over 34 years in California. We can help get you into a mortgage fast and with far fewer hurdles to jump over – our average days to close is just 2 weeks!

Charging Into Fall – Smoother Transactions!

ATV PROMOThe Guys In The White Hats Can Get That Loan Done!

Let us help you or someone you know this Fall season get on the right path with our FAST Private Money Real Estate Loan Programs, just as we did below:

Recently Funded
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Here at Sun Pacific Mortgage, we have helped many Borrowers in California pave their way to homeownership, with our fast and forgiving Private Money financing. Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com with any questions or scenarios.  We’ll quickly answer with what we can do to help make your bumpy ride smoother!

Smoother Financing Options Here!


Smooth Sailing Transactions with The Guys in the White Hats

Getting approval for a home loan or refinance does not have to be a bumpy ride! Our Private Money lending programs can finance big loans fast – even when turned down elsewhere.  Let us help you or someone you know before this summer ends like we did below:

Loan of the Week

Program: Investment Property Purchase

Loan Size: $732,000

Location: Alameda County

Days to Fund: 13 days

Why Came To Us: This Borrower was in contract to buy an investment property. He had a good down payment but since he was self-employed, he was having a problem proving enough income and keeping his debt-to-income ratio low enough for conventional financing.  This is where our Private Money loans became the solution!

If you or someone you know are having difficulty proving income or is turned down at the last minute, we have a solution:  Our Private Money loan programs make it smooth sailing to get your real estate transaction funded quickly! Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com with your questions or scenarios you may have.

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