Is A Private Money Loan Considered Cash?
A private money loan is basically considered a cash sale by the Seller, making the possibilities of closing the deal more certain. The offer is still considered a loan, but it comes with several benefits that both parties will appreciate: 1. No loan contingencies, since the borrower and property have been fully vetted before…
Read moreHard Money Loan of the Month – November
By Ken Walker, Lead Loan Originator Just the other week a couple called needing a loan to buy their houses out of a Family Trust. There were family disputes occurring and this needed to occur fast otherwise they would be forced to sell the houses. They were unable to get a conventional loan due to…
Read moreDeal of the Month, We Cannot Lie
Hard Money Loan of the Month By Ken Walker, Lead Loan Originator Investment Property Purchase in Sea Ranch, California Two weeks ago a borrower called needing a loan to buy a new Rental Property in Sea Ranch, California as part of a 1031 exchange. Her current Lender was unable to perform with the speed that…
Read moreAre You A Risky Borrower?
I have heard numerous stories from my past borrowers where they were told how acquiring a home loan would be an unending, agonizing and complicated process. And that on top of this, one minuscule credit problem was going to end their journey to getting their dream home. This is not the case if you findthe…
Read moreMy Own Hard Money Story
I wanted to tell my personal story about Hard Money financing to help other families struggling with loan approvals. My Husband and I could not get any local bank or credit union to approve our loan application to buy our first home. I had not yet worked at my job for 2 years and my…
Read moreReasons To Sell A House This Summer
Selling one’s house can be a challenge no matter what season it is, be it Summer, Winter, Fall or Spring. According to Keeping Current Matters article, “5 Reasons To Sell This Summer”, there is some logic in selling your home during the hot summer: Demand Is Strong There Is Less Competition Now The Process Will…
Read moreCan Fixing & Flipping Be More Beneficial Or Harmful For You?
We all want to make money… it pays our bills, allows us to buy things we want and helps us more comfortably survive. So of course, when someone sees how “easy” it is to buy and flip a home for profit on TV, they want to try a slice of that cake to say they…
Read moreWhat Is An Owner Occupied Hard Money Loan?
Most Hard Money Lenders these days do not offer Owner Occupied financing programs, also known as a Principal Residence Loans, due to the amount of federal and state regulations that apply to them. Here at Sun Pacific Mortgage, we will always have this loan program available because of the important niche it fills for so…
Read moreHard Money Loan of the Month – April
Hard Money Loan of the Month By Ken Walker, Lead Loan Originator at Sun Pacific Mortgage & Real Estate 75% Loan to Value rehab loan in Oakland, California Last month a borrower called needing a short term loan on a distressed property in Oakland, which he wanted to fix up and sell (flip). He was…
Read moreMyth Busting About Home Buying – Time To Act Now
This KCM infographic is pretty much to the point. Potential home buyers aren’t always completely informed as to minimum qualifications for buying a home. Now IS the time to honestly do the work and FIND OUT your home buying qualifications. There are conventional financing options, FHA, portfolio and hard money financing options. Don’t regret not…
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