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Is Hawaii Real Estate a Good Investment?

June 20, 2023

Hawaii Hard Money Lending

Investing in real estate can be like playing Monopoly: buy a property; generate rental income property; buy more properties; hedge against inflation; and see the cash flow. Real estate is a great investment for a variety of reasons, and historically Hawaii real estate has been an excellent portfolio choice.

What are the reasons anyone should invest in Hawaii real estate? Chief among the reasons is appreciation. While the Hawaii real estate market does have its ups and downs, historically it has always had steady appreciation, and the downs are not as drastic as in the U.S. Mainland. Since 1972, the long-term average annual appreciation has hovered around 6% for a single-family home and 5.4% for a condo.

In recent years, average sales prices for Hawaii homes have continued to increase. Oahu median sales prices have increased year-over-year around 70% of the time since 1985.

If you find yourselves sitting on a substantial amount of equity because of the large appreciation California homes have experienced over the past several years, consider tapping into it to invest in Hawaii real estate. Hawaii real estate is typically a safe and rewarding investment. Now, with Sun Pacific Mortgage, you can be an investor in Hawaii real estate without the hassle of being an “absentee landlord”.

Interested? Call 707-523-2099 or find us at www.sunpacificmortgage.com.

Turned Down Elsewhere? We Can Help Get Fast Loan Approval!

June 15, 2023

Image5 Current Market Conditions And Stricter Qualifications Causing Loans To Be Turned Down By Other Underwriters Or Lenders?  Get Fast Approvals And Fast Fundings With Us Despite Being Turned Down Elsewhere!

Current market conditions and stricter qualifications causing loans to be turned down by other Underwriters or Lenders?  Get fast approvals and fast fundings with us despite being turned down elsewhere!

Call us today at 707-523-2099 or visit our website at www.sunpacificmortgage.com with questions or scenarios and we’ll let you know how we can help – just like we were able to do in the below examples:

 

Recently Turned Down Loans From Others – Approved & Funded By Us

Location:  Santa Cruz County
Finance Program:  Bridge Purchase
Loan Size:  865k
Days to Close:  9
Why Needed Us:  Came to us after being turned away by conventional lender on the 19th day of a 30 day Escrow, because had bought a business vehicle which affected their debt to income ratios just enough to get them unqualified.

Location:  Sacramento County
Finance Program:  Investment Property Refinance
Loan Size:  762k
Days to Close: 14
Why Needed Us:  Needed cash to make necessary repairs before listing property for sale to get a higher return.

Location: Los Angeles, Los Angeles County
Finance Program:  Primary Residence Business Purpose Refinance
Loan Size:  677k
Days to Close:  16
Why Needed Us:  Needed capital to handle high credit business debts and  repair credit.

We Offer FAST Financing; We Finance Owner Occupied & Investment Properties. We Can Finance Despite Credit Issues, Property Condition & Difficult To Prove Income;

Alternative Financing Options for: Business Purpose & Consumer Purpose Real Estate Loans

June 6, 2023

Alternative Financing Options For: Business Purpose &Amp; Consumer Purpose Real Estate Loans

Let’s say your credit history is less than stellar, or your score is low. Or maybe you want to purchase a home in poor condition and flip it. Or let’s say that you need to close escrow in a week. Whatever the reason, you are having a tough time getting a traditional loan to buy a house. In these instances, you might consider a private mortgage from Sun Pacific Mortgage, a family-owned and operated business that has provided beneficial Private Money loans to thousands in California since 1988.

Among our many alternative mortgage programs available are:

  • Owner-occupied refinances/cash-out for a business purpose, whether to pay off business debts or to expand your business.
  • Non-owner-occupied refinances/cash out for a business purpose, whether to pay off business debts or get needed capital for business expansion.
  • Non-owner-occupied loan for consumer purposes, such as consolidating personal debts or high-interest credit cards, making needed home improvements, sending a kid to college, etc.
  • Owner-occupied loan for consumer purpose. This loan is an interest only loan for 15 years with the first 3 years interest only – at a fixed rate – and the remaining 12 years fully amortized and again, at a fixed rate. (Property taxes and insurance are mandated by law to be impounded on this type of loan.)

If any of these home loans are what you need to improve your credit score, get business capital or expand your investment portfolio, give us a call at 707-523-2099 or find us at www.sunpacmortgage.com.

Saddle Up and Get Ready for Private Money!

June 1, 2023

Quick Financing by the Fastest Funders in the West!  Saddle up and take advantage of the SPEED that Sun Pacific has to offer:

  • Fastest Close to date: 48 hours!
  • Turned Down Elsewhere – We Can Help!
  • Trusted by over 10,000 Borrowers
  • We work with Lenders, Brokers, Agents & Borrowers

Quick Financing Direct Programs If Your Borrower Needs A Fast Loan For A Purchase Or Refinance, Or Is Turned Down By Your Underwriting, Private Money Could Be Of Help!  Give Us A Call At 707-523-2099 Or Visit Our Website Www.sunpacificmortgage.com With Your Borrower’s Scenario And We’ll Get Back To You Quick.

Loan of the Week

Program: Investment Property Refinance
Loan Size: 950k
Location: Sacramento County
Reason Came To Us: A conventional Mortgage Broker brought us a Borrower who was looking for fast financing to complete a remodel on an investment property, that tenants were waiting to move back into.  Because of his difficult-to-prove income, and the property condition, this borrower was having difficulty getting financing from elsewhere. Of course, these issues were not a problem for us as the Borrower had good credit and considerable equity in his property.  We quickly gathered the necessary items and had his loan approved and funded within 10 days!

If your Borrower needs a fast loan for a purchase or refinance, or is turned down by your Underwriting, Private Money could be of help!  Give us a call at 707-523-2099 or visit our website www.sunpacificmortgage.com with your Borrower’s scenario and we’ll get back to you quick.

Full Buck. No Bull. That’s the Private Money Way!

May 25, 2023

Wild Ride Getting Financing Turned Down At The Last Minute By Your Local Lender Or Is Your Loan Taking Too Long To Get Financed? End The Wild Ride For You Or Someone You Know With One Of Our Direct Private Money Loan Programs - Just Like We Did For The Borrowers Below:Turned down at the last minute by your local Lender or is your loan taking too long to get financed? End the wild ride for you or someone you know with one of our Direct Private Money loan Programs – just like we did for the Borrowers below:

Recently Funded

Program: Bridge loan
Loan Size: 690k
Location:  Marin County
Why Came To Us: Borrower didn’t want to sell his home prior to buying a new one for his family. This helped remove the contingency of the need to sell his home prior to buying another.

Program: Investment Property Refinance
Loan Size: 725k
Location:  Sacramento County
Why Came To Us: Property had an NOD on it which needed to be paid off and borrower wanted to do debt consolidation so could improve credit.

Program: Investment Purchase
Loan Size: 527k
Location:  San Mateo County
Why Came To Us: Borrower was an LLC and as such, wasn’t getting approved for financing elsewhere but we were able to help.

 

We look forward to helping you or someone you know with our alternative financing, also known as Private Money. Call Sun Pacific Mortgage at 707-523-2099 or visit our website at www.sunpacificmortgage.com.  Our loans are fast, flexible and get the job done. Full Buck, No Bull –  with a team of 800+ Private Investors, we never run out of money!

Private Money – The Bridge To Your Future Home!

May 18, 2023

Bridge Promo May 4 Here At Sun Pacific Mortgage, We Offer Our Bridge Loan Program To Help Those Individuals In Need Of Fast Financing, To Purchase Another Home Before Selling Their Current House Or Having Difficulty Elsewhere Getting A Mortgage.
After 35 years of experience, we are specialists at helping bridge the distance for individuals who want to buy a new home before selling their current house, or in need of FAST financing for a stronger cash-like offer. Let us help you or someone you know with our popular Private Money Bridge loan program like we did below:

Loan of the Week

Program: Bridge Purchase
Loan Size: 1.2 million
Location: San Luis Obispo County
Reason Came To Us: A Borrower was lucky enough to connect up to us, to rescue their purchase that they were already in Escrow on.  Their current purchase financing fell through at the last minute with their conventional lender, due to higher debt-to-income ratios. With the help of our Private Money programs, we were able to use the equity in his current house to help get the final money needed to buy the new home.  We were able to rapidly get him approved and loan fully completed in just 13 days!

Here at Sun Pacific Mortgage, we offer our Bridge loan program to help those individuals in need of FAST financing, to purchase another home before selling their current house or having difficulty elsewhere getting a mortgage.

Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com. We will quickly let you know what we can do to help you or someone you know bridge the distance to their future home!

Bridge Program – Private Money Loans!

May 11, 2023

I Wil 2 Copy With Our Many Loan Programs, We Can Help Get That Loan Approved And Funded For You Or Someone You Know!  One Of Our Most Popular Loan Programs Is The Bridge Loan.

With our many loan programs, we can help get that loan approved and funded for you or someone you know!  One of our most popular loan programs is the Bridge Loan.

Here are the benefits of getting this type of financing with us:

  • Bridging the gap between the sale of one’s home to purchase another home, using the equity in the property.
  • Getting an offer accepted because you have an offer with the next best thing to all-cash.
  • We look at equity, not credit worthiness.
  • Fast financing – we can close in 7 days or less!

Recently Funded Bridge Loan

Recently, a local Mortgage Broker reached out to us for one of his past Borrowers, whose debt-to-income ratios were too high if the borrower had 2 mortgages.   The borrower wanted to pull cash out of his current home’s equity as a down payment on another house he wanted to purchase.  He needed a loan of $540,000, which we had no problem getting approved.  Within a couple of weeks, the loan was funded and borrower was a new homeowner!

Call us at 707-523-2099 or visit our website at www.sunpacificmortgage.com with any questions or scenarios and we’ll reply quickly with what we can do to help.

 

Bring the Heat with Private Money 🔥

May 4, 2023

Our Hot Private Money Programs 3 Copy Conventional Mortgage Rates Have Been On The Rise And Inventory Is Still Low Across California, But Homebuyer Purchase Offers Are Increasing Again – Which Is Bringing Back The Competitive Market.  With These Factors In Play, We Have Seen One Of Our Private Money Programs Heat Up In Popularity! What’s Hot:

Bringing the Heat with Private Money!

Conventional mortgage rates have been on the rise and inventory is still low across California, BUT Homebuyer purchase offers are increasing again – which is bringing back the competitive market.  With these factors in play, we have seen one of our Private Money programs heat up in popularity! What’s HOT:

Bridge Program: close the gap with a current home not yet sold and a new primary residence that you or someone you know wants to buy!  And, this program can give them the competitive advantage of a fast close and offering the next best thing to all-cash!

Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com to see how we can help you or someone you know bridge the gap to your new home.

Retreat of the California Seller’s Market

April 25, 2023

Buyer'S Market

Real estate agents throughout the California regions are reporting a rapid shift in the market. Six months ago in quarter 2 2022, 95% of agents who were surveyed characterized their market as a seller’s market. In Q3, that number had declined to 51%, and in Q4 it fell to just 30% of agents.

Home Buyers in this wonderful state of California, are beginning to see more favorable conditions when it comes to pricing and competition for homes as the market continues to rebalance. This is in sharp contrast to the hot real estate and lending markets that we witnessed from 2020 to mid-2022, when agents consistently reported a buyer’s market at a rate of only 1%-2%.

An example of this market shift can be found in a study where 64% of agents say that most homes in their market are not getting multiple offers. This is reminiscent of the trend that began in Q3 2022.

Nearly 95% of all agents surveyed reported that the average days on the market for listings in their area is increasing. But because housing is retaining much of the staggering equity gains of the past couple of years, and the increasing interest rates affecting affordability, the situation isn’t a buyer’s paradise yet.

If you are planning to purchase or refinance your home but can’t qualify for a conventional loan, consider a private mortgage from Sun Pacific Mortgage (707-523-2099 – www.sunpacificmortgage.com). We have helped thousands of buyers just like you for the past 35 years with our family-owned company.

This Quick Draw Duo Wrangles In Loans!

April 20, 2023

April 3 We Have 1 Main Qualification:  At Least 25% Down Payment Or Good Existing Equity.We Wrangle In Those Loans Turned Down Elsewhere!

We have 1 main qualification:  At least 25% down payment or good existing equity.

How about letting us help wrangle in that loan your local Lender has turned down?!  We pay full commission to licensed Brokers as well as can pay referral fees to those who bring a business purpose loan to us that we fund.  See how we were recently able to help the Borrower below:

Loan of the Week

Program: Investment Property Financing
Loan Size: 862k
Days to Fund: 13 days
Location: El Dorado County
Reason Came To Us: A Mortgage Broker contacted us about a Borrower in need of a 860k refinance on his home, but due to poor credit after a difficult divorce and high DTI, he wasn’t qualifying for a conventional loan.  This is where our Quick-Draw Duo wrangled in that loan and within short order, the relieved Borrower and his Mortgage Broker had a completed loan through our family company!

This Quick Draw Due is at your service.  We won’t hesitate to help you or someone you know if we can, so send us your scenario today by email or phone at 707-523-2099, or visit our website at www.sunpacificmortgage.com.

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