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Promoting Good News – Anti “Miserablism”

Promoting Good News

We attended the California Mortgage Association quarterly conference in Newport Beach from last Wednesday through Friday.  The Keynote Speaker was noted economist Christopher Thornberg from Beacon Economics.  On the current market place he states…  “This isn’t optimism, there is simply nothing out there at the moment, whether it’s the sell off in the stock market or rising interest rates, that has the power or speed to knock the expansion off its track; and apart from a rapidly growing Federal budget deficit, the U.S. economy looks fairly well-balanced in terms of the fundamentals.”  He further states that this includes “…private sector debt levels, consumer savings rates, rising wages, the overall pace of homebuilding and business investment.  Unemployment is low- but job growth remains steady.”

There are times at the office when we spot circumstances in the market place that manifest to us in our office statistics.  When we have a lot of promotional actions going on but the results are a complete change from what they would at other times bring about, we look for the “why”.

Thornberg hits the nail on the head with his term for what is occurring in spite of nothing but good financial news.  Miserablism.  That certainly rang true to me.  There is absolutely nothing wrong with the market that can’t be solved with the real news getting out that there – there is nothing but good news on most fronts.  I blame the press, but it does no real good.  What I can do, and we all should do, is spread the news that it is a good time to buy, it’s a great time to sell.  it’s a good time to borrow.  Fund that kids college fund.  Do those home improvements.  Fund your retirement fund and then pay it off.  Buy a rental property.  Buy your dream home.  Get a boat, a motor home.  Go on a dream vacation.

I have a suggestion.  Stop listening to the press.  Instead promote the actual statistics.  They tell the true tale of what is going on.

On a more individual level, I am going to do all my prior successful actions without fail.  I’m going to get out more marketing.  I’m going to ask for big loans.  I’m going to ask for referrals.  I’m going to be quicker with responses.

Above all, I am going to have and promote a positive attitude knowing that this is the best economic times I personally have been involved with in my 31 years of doing home loans.   I’ll bet that’s true for you too.

So spread the good news that there is nothing but good news.  It will have the desired effect which is just to get people doing what they would actually be doing if they weren’t miserable!

By the way, send me any Hard Money scenarios you may have and I’ll get you a quick proposal.

Is 2019 the Year to Become a Homeowner or an Investor?

Is 2019 the Year to Become a Homeowner or an Investor

According to a majority of expert real estate prognosticators, 2019 will continue to bring a rise in home prices, as well as an increase in inventory.  All four major reporting agencies believe that home sales will outpace 2018. Studies show that 65% of Americans continue to believe that home-ownership is a good investment.

With the average home rental in California ringing in at $2500 per month, home-ownership is looking more and more attractive. The Millennials (ages 19-35) have been the driving force behind bidding wars in many areas of California, as they cast off their renter lifestyles and opt for putting down roots in a community.  The Millennial factor is a major reason 2019’s housing market will continue its healthy growth.

In case you are wondering how the 2019 real estate market is shaping up and compares to past years, C.A.R. (California Association of Realtors) released this California housing summary:

2019 California Housing Forecast

If you’re already a homeowner or real estate investor, good for you!  On the other hand, if you are adding to your landlord’s wealth instead of your own, let 2019 be the year you start accumulating your own retirement nest egg.  Leave the rental market and purchase a home. Someone is going to profit from California real estate this year, make it be you!

Sun Pacific Mortgage will be here today and in the foreseeable future to support your housing and investment needs.  We look forward to your call at (707) 523-2099.

Is Trust Deed Investing for You in 2019?

Is Trust Deed Investing for You in 2019

Investing in Deeds of Trusts has been around for quite some time.  In the most simplistic terms, loans made via these real estate investments are like mortgages, except that there is an investor or pool of investors making the loan instead of a bank or lending institution.  

Trust deed investing can provide high returns.  In fact, private investments in trust deeds typically yield investors returns between 9% and 14% depending on the amount of risk. What makes trust deeds considered safer than stocks is the fact that these investments are secured equity, title insurance and a recorded trust deed.   While these are not necessarily liquid, the majority of such loans are for a shorter period of time, maturing in 12 to 24 months.

Unlike stocks, individual trust deed offerings offer investors a greater deal of control in their investment decisions.  Investors with Sun Pacific Mortgage are given all the relevant information regarding the subject property and the potential buyer. Investors can pick and choose loans based on the level of risk they are willing to take.  We provide all the information our investors need to make an informed, specific decision.

Sun Pacific Mortgage has been in business offering Hard Money Loans for 31 years.  

We have been able to help multitudes of home buyers and work with hundreds of private investors who increased their return on investments.  Much of our success is because we perform our due diligence before offering any trust deeds to our investors.

This makes it easier for them to determine their level of risk and to feel more secure in their business dealings with us.

Give us a call at 707-523-2099 or visit our investor information on our website to explore our investor program and learn how you can improve your financial picture in 2019 by diversifying your investment portfolio with our trust deeds.

Are We Looking at a Change In California Real Estate?

Are We Looking at a Change CA Real Estate

When we review the real estate market over the past couple of months, more than a quarter of listed homes has had a price drop according to Redfin.  Additionally, the supply of homes has increased for the first time in three years according to the National Association of Realtors. There has been a market shift, especially in California.  

Median home prices remain in the higher ranges for the time being, though. Even in Silicon Valley inventory is increasing and sales are slowing.  Where a seller could expect 15-20 offers, the odds are that it will take longer to sell today, and the seller might receive only four to five offers.  

Another issue influencing the real estate market in California has been the lack of single-family construction.  There have been recent gains though in this arena with new construction increasing 16% over last year.

All these factors mentioned above bode well for Buyers in today’s market: You may not need to scramble as much to obtain your dream home, but on the other hand, you may not be able to sell your present home as quickly.  That’s where a Bridge Loan from Sun Pacific Mortgage comes to the rescue!

Bridge loans allow you to purchase your new home before selling the present one, and this is just one of the many lending programs you will find that we offer.  

So, give us a call at 707-523-2099 and see what we can do for you in this ever-changing world of real estate.

Where Is The Real Estate Market Headed?

Where Is The Real Estate Market Headed

What’s one to believe about the real estate market today?  There are so many conflicting headlines that even the savviest investor is confused.  Let’s look at some hard statistics which may enable us to come to our own rational conclusions:

We know home prices have appreciated year-over-year for the past 76 straight months.  Does this mean we are on the edge of another housing bubble? Not if the lack of homes for sale persists.  Demand is strong as many renters have experienced when they start to look for their dream home. There hasn’t been the stabilizing 6-month backlog of housing inventory in over 5 years, which has kept prices up while inventory has been down.

What about pricing and appreciation?  Certainly, home prices have appreciated over the last 76 months, driven mainly by supply and demand.  This has affected the starter-home market more than any other because of the increased competition for these homes. Senior Economist, Aaron Terrazas wrote on Zillow that “home values are still expected to appreciate at double their historic rate over the next 12 months”.  This wouldn’t appear to herald a real estate crash any time soon.  

Those who have been in real estate for as long as we have can all agree on the fact that real estate ebbs & flows.  Keeping abreast of the market in your area is what is important, so you can decide if the price is right to buy now or if you make an offer slightly under asking to still get an accepted offer.  What about listing your home and for what price? These are questions to be posed to licensed and experienced Realtors who know the market and have your best interests in mind.

Here’s to making the real estate market work for you!

To read full article:  https://www.keepingcurrentmatters.com/2018/08/29/top-3-myths-about-todays-real-estate-market/

Investment Property/Non-Owner-Occupied Loans

Investment Property Non Owner Occupied Loans

Looking for ways to protect their financial security, many homeowners are investing their money in second homes, or are refinancing existing loans on rental property to upgrade them.   Whether they are looking for another source of income, or they need to improve their existing rental property, they recognize that real estate has proven to be a profitable and long-term financial shelter.  

But what if you do not qualify for a conventional loan from a bank or other lending institution?  All is not lost…that is where a Hard Money Home Loan can provide the answer.

What do you need for a hard money loan from Sun Pacific Mortgage?  There are two main qualifications for a rental property loan:

  1. Equity or a decent down payment
  2. An ability to repay the loan

What are some other characteristics of an investment property loan with us?

  1. California real estate only
  2. We go up to $2 million+ loan size
  3. FICO score is not a factor
  4. Up to 70% LTV (loan-to-value)
  5. Fast funding

In the 30 years we have been in business, we have financed multitudes of investment property loans for a variety of issues:  Needed fast funding, discharged bankruptcies, more than one foreclosure, and less than pristine property. We make it our business to offer a second chance to earnest and honest borrowers.  

Start on your journey to financial independence by investigating the possibility of a hard money loan on rental property with Sun Pacific Mortgage.  We welcome all questions and scenarios to help inform you of “The Possible”.

Call us at 707-523-2099!

Why Invest in Non-Owner-Occupied Home Loans

Why Invest in Non Owner Occupied Home Loans

We have all heard the horror stories related to Non-Owner-Occupied investment properties, and have thought to ourselves, “Is the headache really worth it?”  Some would say the financial gains outweigh the grief. But what if you could have all the financial benefits and virtually none of the problems? Sound too good to be true?  

This is one time when that question does not need to be asked, because Trust Deed investments offer a lucrative option allowing you to invest in property with little to no blood, sweat or tears on your part.

At Sun Pacific Mortgage we do all the initial behind-the-scenes work for you, and a servicing company can handle all the work required after the signing, e.g. collecting payments and paying taxes.  This becomes the best of all worlds: you get a check each month, and you don’t get those annoying middle-of-the night phone calls.

With interest rates on non-owner-occupied hard money home loans ranging from 10%-13%, you can grow your investment at a much faster rate than almost any other speculative venture.  

If this sounds like an opportunity to build your retirement portfolio, give us a call at 707-523-2099 to discuss how Sun Pacific Mortgage can help you get started.

Make More Money With Your Investments


Any time your money makes money with little time investment on your part, it’s a good deal.  That is the bottom line when we speak about investing in Hard money trust deeds. Here at Sun Pacific Mortgage, we find the opportunities, vet the borrower, and confirm the legitimacy of property ownership.  

In today’s unsettled financial world, trust deeds are an investment many are finding very comforting.  You, the investor, can count on a steady income without the headaches and hassles of actual ownership. It is highly recommended that you have a trust deed servicing company work with you to ensure your investment is safe and your monthly interest payments come in.

Speaking of interest, when you invest in one of our hard money loans, your interest rate will be somewhere between 9% and 13%, depending on the various factors influencing the loan package.  It would be difficult to find this type of interest rate on your money anywhere else in today’s market.

Sun Pacific Mortgage has had 30 years of experience in this business and we know a good deal when we see one!  Give us a call at 707-523-2099 to get further information about investing in deeds of trusts with us.  Find out what we can do for you to find a home for your hard-earned money.

Investors, When Can We Expect the Next Recession?


Economist and analysts have studied the trends in our economic growth over the past decade and beyond, and they have concluded that a recession is coming in the next couple of years, 2020 per them.

But, as real estate investors, you have no need to panic!  A recession does not mean a housing crisis. A recession means the economy has slowed down markedly, but until the last recession, home values appreciated during an economic downturn.  

The causes for the real estate crash have been remedied for the most part, and we can presume, from historical data, that a recession will not have a negative impact on the housing market this time around.

What does that mean for you, the real estate investor?  You can sleep well knowing that your hard-earned money is as safe as possible and earning high returns, in this topsy-turvy world of today’s economy.

If you are looking for a higher return and safer harbor for your money, please call us at Sun Pacific Mortgage at 707-523-2099.  We will be happy to help place your funds in deeds of trusts, backed by California real estate. We invested $14 million the past month and aren’t slowing down any time soon.  Rest assured we will have trust deed offerings regularly available for your investing.

Why Should I Buy Today Instead of Waiting?


Today most industry leaders would agree that waiting for home prices to drop significantly before buying property is very unwise.  The latest reports anticipate at least a 5.2% increase over last year’s 7% increase in property values.

Besides anticipating a jump in market pricing, another reason to make your move now is the inevitable interest rate hike.  The 30-year mortgage has increased by half a percentage point already in 2018. Most institutions involved in lending are projecting the rate will have increased by a full point by this time next year.

It is good to remember that whether you own or rent, you are paying a mortgage, your own or your landlord’s.  The obvious advantage of paying your own mortgage is that you do not need to concern yourself with unwanted surprises, like rent increases and decisions made by your landlord that jeopardize your living arrangements.

Another reason to consider home ownership is the “forced savings” it affords.  The equity your home accrues throughout the years will allow you to tap into substantial funds later in life.

If the right thing for you and your family is to purchase a home this year, consider buying sooner rather than later.  And if you think you can’t qualify for a loan, consider the option of a hard money loan with Sun Pacific Mortgage, where your credit score, condition of property and difficulty to prove income is not our first concern.  Call us today! (707) 523-2099

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