California's Hard Money Lender Since 1988

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Get Ahead With The Housing Boom In The Bay Area

Nov 22, 2016 (0) comment , , , ,

The housing boom a tale of two markets

According to the LMI score (Leading Market Index) economic and housing activity is currently at 98% of its normal level. But for those consumers left behind because of stringent conventional lending regulations, there are Hard Money loans that can allow them to take advantage the real estate boom. Whether you have an opportunity to enter…

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What Are The Differences Between A Traditional Loan And A Hard Money Loan?

Nov 17, 2016 (0) comment , , , , ,

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  If you have ever applied for a mortgage with a bank, you know it can be a long and sometimes difficult loan process. It seems traditional lenders want an inordinate amount of information from you. General loan requirements include your loan applications, minimum credit scores, bank statements, income verifications, borrower and property financials, etc., etc.…

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The Latest Trend for Pension Funds: Private Equity Investment

Nov 08, 2016 (0) comment , , , , ,

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Recently it has become increasingly clear that private equity is an attractive option for pension funds. Because the ultimate question in any investment decision, big or small, is the return on money, Investors are turning to private equity funds to bolster their portfolios. After the lean years that followed the 2008-2009 financial crises, the performance…

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Be Prepared For Seasonal Changes In The Market!

Nov 03, 2016 (0) comment , , , , ,

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Our loan preapproval process is based primarily on 2 things: Loan to value and Ability to repay (far more flexible than conventional underwriting)   We loan up to 75% of the value of the property and in some instances as high as 80%.  We do Jumbo Loans commonly. Below are some recently funded loans for…

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What Credit Score Is Needed To Buy A Home?

Oct 28, 2016 (0) comment , , , , ,

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Many potential home buyers believe that they need a score over 780 to qualify.  In today’s world, this is no longer true. One of the more common misconceptions keeping potential home buyers from beginning their search has been the fear that their credit score is too low. According to a recent study by The Wharton…

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Hate Turning a Borrower Down?

Oct 20, 2016 (0) comment , , , , ,

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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 , , , ,

Halloween for sale house

  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 , , , ,

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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 , , , ,

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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 , , , , , , ,

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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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