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Quick, helpful, holiday tip from me, Owner


Thanksgiving Real Estate and Lending TIP for you.

Gif Thanksgiving Real Estate And Lending Tip For You.


Gif Thanksgiving Real Estate And Lending Tip For You.

Click here to watch the video on YouTube

Quick, helpful, holiday tip from me,


Holidays are upon us and I hope everyone has a happy Thanksgiving!  Here’s a very short video and article that CAN HELP YOU this Holiday season, as an individual Homebuyer or as an Agent with Homebuyers, who aren’t quite getting off the dime…


Wow, we are being hit by all sides these days. It is being blared across the air waves that it’s as bad as the 1920s.  Why would anyone buy?

Did you know that A LOT of people made money during that depression.  How?  They did not follow the pack.  This is very hard to do.  The best managers of money (Boone Pickens, Warren Buffet, and Bill Gates – for example) are a different breed of cat.  They seem to operate opposite of the crowd.  They buy when no one else is and they will freely tell you to do the same.  It takes a brave soul to not follow the crowd.

There are statistics that show things are not as bad as they seem.  In Sonoma County home sales are up – way up.  First time buyers can finally afford to buy and they are.  There are multiple offers on many homes.  Homebuyer loans are getting approved and people are moving into these homes.  There are not as many homes on the market as there were at the peak in November 2008, which will serve to drive the prices up.  Consequentially rent is going up all around – sometimes more than you would pay for your monthly home mortgage!

The moral of the story is – Buy Now!  If you have the required down payment (as low as 3.5%) and can afford the monthly payment (average $1,420 monthly) – do not wait.

Look to the statistics of what is occurring in THIS market (Sonoma County, Marin County, etc…).  The statistics show a brisk market that is competitive and will only go up from here – so…. It’s times to buy!)

Gif Thanksgiving Real Estate And Lending Tip For You.

Owner is a CA DRE Broker with over 23 years experience in real estate and lending. He offers Hard money loans for those with bad credit, difficult-to-prove income, etc.  His number is (707) 523-2099. 

See website @ www.sunpacmortgage.com. DRE license #0146899 and NMLS #360993.



By Broker, Owner

There are several types of loans you can use to purchase or refinance. This applies whether you are buying a home to live in, a home to rent out, or a commercial building. They include the standard 30 year fixed rate mortgage, the government FHA/VA loans, a commercial property SBA loan, or a Private Money loan.

Private Money is borrowed from private individuals. I bet you’ve borrowed money from a relative. That was a Private Money loan, likely unsecured. It wasn’t from the bank or some other institution. Most private money lenders/investors lend money through a mortgage company (there are laws that require this). The rates and fees are higher than those you’d get from a bank or credit union that does 30 fixed rate mortgages.

Why then would anyone borrow Private Money? There are lots of reasons.

You can get a Private Money loan in spite of a foreclosure, bankruptcy or short sale! I thought to make the above sentence read like a headline, because it should. No bank or credit union or anyone doing home loans other than Private Money will lend to someone who had a recent bankruptcy, foreclosure or short sale. Further, the property you want to borrow against may not be something a bank will lend on. Banks require a property be in good shape. What if you are looking for speed? Private Money loans are generally much faster than a bank loan. What if your credit isn’t bank worthy?

That’s because Private Money loans are based largely on equity. The most you will get is 70% of the value of the property. If it’s worth $300,000.00 you will be able to get $210,000.00. If you want a 100% loan, Private Money will not work.

Here is an example of a Private Money Loan. The Buyer had almost all of the money to purchase a house. She needed only $75,000.00 more – but didn’t qualify for a bank loan. The purchase price was $231,000.00. She only wanted to borrower 32% of the value. That loan got done within 4 days for a quick close. She beat out other’s that put in offers for the house. She could and did quickly close and her house payment is the payment on $75,000.00.

Another example. A contractor wanted to buy a dumpy house. No bank would lend on it because it was so dilapidated. The contractor had enough for a decent down payment and proved he had enough to money fix it up and then resell. He got a Private Money loan and was able to fix up the house and pay off the loan within 4 months.

Maybe you need a Private Money Loan!

Owner is a CA DRE Broker with over 23 years experience in real estate and lending. His number is (707) 523-2099. See website @ sunpacmortgage.com.

Stop Being Stopped – From Buying a Home



By Broker: Owner


This Article is addressed to all those who long to buy a home but have not done anything about it.

Let’s be clear on this question of “Buy a home – don’t buy a home?”

It’s obviously not the rates. 30 year fixed rate loans are at the lowest – ever! Did everyone see that headline in every news forum? Lowest ever!

It’s obviously not real estate prices, because the majority of the statistics show they have hit bottom and are projected to rise based on those statistics.

It’s obviously not the fact that there are major tax advantages to owning a home, because those have been preached for years.

So what is stopping you? Think about it for a minute, what is really stopping you?

Whatever you came up with – get over it !OK that’s rather abrupt but look at the compelling facts above that demonstrate why you should get over whatever it is that has stopped you.

Did you decide to stop being stopped?

Good. So the starting point for becoming a home owner is being pre-approved for a home loan. This isthe starting point. You do not want to shop for the home first. That is putting the cart before the horse. Most sellers in this current market will only look at offers from Buyers that have been pre-approved for the home loan.

You have a couple of ways you can go here: If you have a real estate agent already, have them set this up with their favorite lender, preferably a mortgage broker, since you probably have no idea what type of loan you may qualify for. If you don’t have a real estate agent, you could interview a few and decide on one and then have them steer you to their favorite lender. You could also go direct to a local mortgage broker or your favorite bank. You could look in the Yellow Pages (do people still do that?) or go on-line and search mortgage broker and the city you live in.

It does not cost anything to find out what you can buy based on your credit, income and down payment.

Touching on that briefly, you can be a Buyer whether you have perfect credit, good credit or “bad” credit. You can also be a Buyer if you have from easily verifiable income to difficult to prove income. You can be a Buyer with as little as 1/2 % down!

Regularly published are the 30 year fixed rates offered by FNMA, FHLMC, FHA, and VA as well as PERS and loans made by the California Housing Finance Agency. These are deemed “conforming” loans. They are offered through local Brokers and banks. You need good to perfect credit for these as well as verifiable income. You also need to be buying a home that is in pretty good shape. No fixer-uppers.

Finally, any time one of the above traditional lenders cannot approve your loan you need the services of a hard money lender. These are Brokers and companies that offer these non-traditional, that is non-conforming – programs. Some of the reasons conforming lenders say “no” are low FICO scores, a recent bankruptcy, inability to verify income, no tax returns, no bank statements, high debt to income ratios, odd or non-conforming types of properties such as mixed use, multiple units, apartments, land, etc. Hard money generally requires just 2 things: a good down payment and ability to repay the loan.

You’ve already decided to stop being stopped. What are you waiting for?

Don’t miss out! Now is the time to buy.

Owner is a CA DRE Broker with over 23 years experience in real estate and lending. His number is (707) 523-2099. See website @ www.sunpacmortgage.com.

Hard Money Use Increase by Homebuyers

By Owner, Guy In The White Hat

“Hard Money” Loans

There was a really good article in the Wall Street Journal last week about Hard Money loans.  It was informational to borrowers and investors alike.  It spoke of the fact that Hard Money loans will account for 1% of the 5.5 million home loans originated this year, up sharply from prior years.

It mentioned “Hard Money” filling an important void.  Look at just a few instances.

1.    You just did a short sale on your home and want to buy another one.  Your favorite bank won’t even talk to you.  You know that prices are at rock bottom and you can buy the same home that you bought 5 years ago for $400,000 now priced at $195,000!  Hard Money can fund that loan!

2.    You lost your job and your credit is shot.  You now are back to work in your old job making the same money and you want to buy a house.  You’ve got 30% down.  No bank will touch you as your FICO score is 525.  Hard Money can fund that loan!

The Wall Street Journal article further states that the fees and rates are no doubt higher than a bank, but it is well worth it as “no bank is willing to listen.”

The real gist of the article is to buy a home.  Even at Hard Money rates it’s worth it because you’d be getting in at the bottom of the market and down the road could refinance to a 30-year fixed rate loan once qualified again.   Your gain from buying at the right time can offset the cost using Hard Money.

Take advantage of a Hard Money loan and be a Buyer, or help your potential Buyers succeed at getting into a new home by directing them to such available financing!


Owner- the Guy in the White Hat – is a CA DRE Broker with more than 23 years of experience in real estate and lending.  His phone number is (707) 523-2099.  Email is Broker@sunpacmortgage.com.  See website @ www.sunpacmortgage.com. DRE#01464899/NMLS #360993


Wall Street Journal Hard Money Lending Article


HARD MONEY and The Property Dumpometer Scale



Home Loans, HARD MONEY AND The Dumpometer Scale

Property Dumpometer Scale and Loans

This aspect of buying a home examines the security for the loan. In most states, when you buy a home you pledge the property as collateral for the loan with a legal document called a deed of trust. They should actually call it a deed of no trust because if you do not pay your home loan and the lender forecloses, they take your home.

The lenders left in the mortgage market arena, let’s call them institutional lenders, the ones that are offering the 30 year mortgages at historic low rates, require a good property. But what does that mean?

You can figure that out by comparing homes you look at to one another on a scale that has, for example, a brand new home to the furthest right on the scale and the ugliest, smelliest, most rundown home you’ve ever seen or imagined, to the far left of the scale. We call that home a “dump” for lack of a better word, hence the Dumpometer Scale.

The 30 year fixed rate lenders will actually allow a home to be just a bit to the left of the perfect house on the far right. It can have some cosmetic things needed and a bit of what is referred to as “deferred maintenance”. But not too much. An FHA lender is about the same but anything that stands out in their appraisal may need to be repaired prior to close of escrow. These lenders will not allow you to buy a home that requires any major cash outlay. That’s because they are taking on buyers that are scraping to get the minimum down payment and would not have monies after their down payment and closing costs for repairs and/or upgrades.

Hard Money lenders allow every home on the Dumpometer Scale. I just made a home loan last month on one of these homes classified a “dump”. The roof was caved in, the well and septic had both failed, the foundation had crumbled away to almost nothing and blackberries were growing out of every exterior wall left standing. It was a perfect property for the buyers though, all their family is in proximity to the house. It was almost 2 acres for a very good value. Perfect Hard Money loan. By the way, these Buyers had perfect credit, great long term jobs, their own savings and family money to help make their dream home a reality. No 30 year fixed rate lender would touch that transaction because of the property. Once they are finished with all the renovations, they will refinance into a great 30 year fixed rate loan. Hard Money saved the day.

One final note here, these Buyers also made a very sound investment decision with this house. The sum total of the purchase price plus their costs to renovate will give them a home value that exceeds what they have into the property. Very smart and all made possible with Hard Money!

Hard money lenders generally require just 2 things: 1. Equity or a good down payment and 2. Ability to repay the loan.

A Hard Money broker will do this loan. There is equity and ability to repay. This handles the property aspect of a loan.




Owner- the Guy in the White Hat – is a CA DRE Broker with more than 23 years of experience in real estate and lending. His phone number is (707) 523-2099. Email is Broker@sunpacmortgage.com. See website @ www.sunpacmortgage.com.

Visit us @ SunPacMortgage.com

“LIKE” us @ facebook.com/SunPacMortgage

Buyer’s Credit, Home Loans and Hard Money


By Broker Tardibuonio


Home Loans and HARD MONEY

Video Explaining The Uses Of Hard MoneyThis aspect of qualifying for a home loan boils down to good credit versus bad credit.

The lenders left in the mortgage market arena, let’s call them institutional lenders, the ones that are offering the 30 year mortgages at historic low rates, require good credit (among other things).

Hard Money lenders allow bad credit. Institutional lenders will make you wait years after you have a bankruptcy, foreclosure or short sale before they will lend to you.

Hard money lenders will loan to you immediately after any of those events and even while you are going through them!

Same with recent credit problems including 30, 60, 90, 120 day lates, judgments and/or collection accounts. Institutional lenders hate these. Private money lenders can do a loan in spite of these.

Hard money lenders generally require just 2 things:

1. Equity or a good down payment and

2. Ability to repay the loan.

Look at the important role played by Hard Money: Guy has a free and clear property. He fell on some misfortune and his credit was damaged. He makes plenty of money and he has no house payment. He goes to his favorite bank where he’s been for 25 years. Loan denied due to bad credit. He calls a loan officer friend who works for a bigger bank who tells him he’s out of luck due to bad credit. Come see him in a couple of years.

This guy has a free and clear property and none of the institutional lenders will lend to him due to bad credit.

A Hard Money broker will do this loan! There is equity and ability to repay. This handles the credit aspect of a loan,

Owner- the Guy in the White Hat – is a CA DRE Broker with more than 23 years of experience in real estate and lending. His phone number is (707) 523-2099. Email is Broker@sunpacmortgage.com. See website @ www.sunpacmortg

How “The Guy In The White Hat” Came To Be

Hi. My name is Owner and I am the proud Co-owner and Broker of Sun Pacific Mortgage & Real Estate since 1988 – established in Sonoma County, CA!

Thought I’d tell you a bit about myself as my kids have nagged at me to let people know my interesting life history up to now…they say it answers why I came to be a Broker, taking a sincere interest in helping others. So here I go:

I was born in 1957 in Irumagawa, Japan at the Johnson Air Force Base. I have 7 siblings – with 2 sets of twins – so I had my hands full helping out as the eldest!

As my father was in the Air Force, we travelled a lot. One can say I was a military brat until 1972 when my Dad retired at Williams Air Force Base outside of Chandler, Loan Originatorzona. We had moved back and forth, living in Illinois, Japan and finally settled down in Loan Originatorzona.

My Mother was a teacher at the Catholic Grade school I attended and she was my teacher through my 7th and 8th grades for English, art and music.


I graduated Chandler High School in 1975 and I lettered in football, wrestling and believe it or not, in Debate!

I also must mention my 7 proud years of newspaper delivery of “The Phoenix Gazette” and the Sunday morning paper “The Loan Originatorzona Republic” every single day! I was paperboy of the month several times out of hundreds of carriers and also paperboy of the year. Guess you could say I liked to excel at everything I put my mind to!

After College I went to Loan Originatorzona State University on a debate scholarship. Graduated with a Bachelor of Science Degree in Business and Public Administration in 1982 and also joined the national social fraternity Phi Sigma Kappa.

I moved to La Jolla, California and did first year’s law studies at Western State University College of Law where I met my lovely future spouse and co-owner, Lynn. We married in 1987 and chose to move to Santa Rosa, CA. in December of 1987 because they had a law school with a night program as well as how beautiful it was here.

Our daughter, Megan, was born January 30, 1989 and happily joined our family of Lynn’s two sons of her previous marriage: Broker 7 and Phillip 3.

We opened Sun Harbor Mortgage on January 11, 1988 which was a branch of a San Diego Mortgage company. Since we had a true personal desire to help others in this county with honest financial services, we bought them out in June 1990 and changed the name to Sun Pacific Mortgage which has since evolved in 2004 to Sun Pacific Mortgage & Real Estate as we offer both real estate and mortgage/lending services!

Throughout my tenure as the Broker, I worked diligently to deliver the best service to all our customers and received the prestigious Model-Of-Admin-Know-How Award from WISE International for 10 consecutive years, beginning in 1997.

I take pleasure in working hard to help others during the week and on weekends enjoy fishing, gardening and golf – as well as a variety of other activities including spending joyful time with my 1st grandson, Braden, who was born July 2009.

Having helped literally thousands of customers, I continue to strive to deliver the most honest and friendly service to all Borrowers, Buyers, Agents, Brokers, Investors and other affiliates I am in contact with on a regular basis. I enjoy what I do and am sincerely happy to help in any way I can.

I look forward to doing the same for you!

Feel free to call me up at 707/523-2099 for a free consultation, ask any question you have about mortgages, lending or real estate, to refer a friend or family member in need of my services or to get help yourself!

My website is regularly updated with timely information, tips, articles and videos about the current market of real estate and lending so take a moment to check it out: https://www.sunpacificmortgage.com//. You can also sign up there to receive emails and videos with timely information about the real estate and mortgage and lending markets.



The Guy In The White Hat Comes To Homebuyers’ Rescue!

The Guy In The White Hat Comes To Homebuyers’ Rescue!



Ever since we opened our doors in Sonoma County in 1988, we’ve given extra care to round up people who have been “Turned Down Elsewhere?” – because of credit, income, the property or a combinations of these.

We are the local Hard Money Lender who can help rescue your deal…and get your Buyer into that Home!

Here are some Hard Money Buyers recently rescued…

Home Purchase Purchase price $237,000. Buyers had a friend who loaned them the down payment of 20% as a 2nd mortgage. Purchase money first of $189,600. 100% combined loan to value!

Flipper 80% Loan to Value (LTV) in Santa Rosa. Loan amount $315,000 on a fixer upper. 12% interest only for 12 months. This loan was done in 4 days!!

Owner Occupied Principal Residence Purchase – A conventional lender denied this loan due to a foreclosure. 50% Down. Loan amount $90,000 at 12% interest only. 10 days from application to recording!

Loan approval is based on just 2 criteria:

1. Good Down Payment

2. Ability to Repay

  • FAST Private Money for purchasing in Sonoma County and contiguous Counties
  • FICO is not a factor
  • Up to 75% loan-to-value – Case by case basis
  • Loan amounts from $75,000 to $400,000
  • Owner Occupied and Investor Loans


CALL FOREST at 523-2099

Or email him at forest@sunpacmortgage.com

Visit us @ www.sunpacmortgage.com

“LIKE” us @ www.facebook.com/sunpacmortgage

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