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.