One of our most sought-after financing programs, especially since the influx of multi offers occurring in home buying, has been our Bridge and Temporary Private Money Loan Programs.
Competition has been stiff over the past couple of years, prompting the need to make stronger initial purchase offers. Many of our Borrowers are looking for a solution that will allow them to purchase property before completing the sale of their existing home. The Bridge loan eliminates the need for any contingencies based on the sale of ones present home!
The Temp and Bridge loan programs also offer the use of equity, for assistance with a down payment on the new property. We have devised a program that allows a term of 11 months with no prepayment penalty. Rates primarily depend on Loan To Value.
If Private Money seems like a solution to your concerns about selling your home only to find you can’t find a replacement, give Sun Pacific Mortgage a call. With this program you can shop for your new house without the worries of your home selling in time.
We can be reached by phone at 707-523-2099 or by email through our website contact form: www.sunpacmortgage.com.