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Hard Money Loans versus Government Loans

The KCM article caught my attention and this specific excerpt explains why:



The Curious Case of the Jumbo Mortgage

By Miranda Marquit, financial writer for RateZip.com on October 16, 2013 in Interest Rates



“Private vs. Government Funding

As we move further from the financial crisis, it makes sense to start asking if and when the mortgage industry will return to a world where private money plays a greater role and government institutions such as Fannie, Freddie, and the Federal Housing Administration (FHA) play a smaller one. Recently, our representatives in Washingtonhave begun to discuss plans to dissolve Fannie and Freddie and bring private money back into the game, and that’s a good start. In the past few months, we’ve also seen a few encouraging trends in the jumbo mortgage market that could point toward a mortgage industry less reliant on government guarantees.”



Private Money or Hard Money has been around for many years and has remained stable throughout….even now having rates improve to lower than I’ve ever seen.


I’ve dealt with every type of loan program since starting Sun Pacific Mortgage and Real Estate with my wife in 1998.  I now only do hard money/private money loans but still keep abreast of the other loan programs, especially those which I know home buyers could potentially qualify for, so I can refer them to the right program and local Lender.


However, I do hark back to those early days when conventional loan rates were between 11-14% and over the past 25 years these rates have fluctuated.  Hard money rates haven’t wavered, except now to go lower than I’ve seen since I started in this business.


So, just know that my hard money/private money loans remain reliable and I stand by, ready to assist you!


Best, Broker

Owner/Hard Money Broker – The Guy in the White Hat

Owner is Co-Owner and CA BRE Broker known as “The Guy in the White Hat” of Sun Pacific Mortgage & Real Estate – Your Northern CA Hard Money Lender since 1988.  www.sunpacmortgage.comBRE license #01464899/NMLS #360993


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“The Guy In The White Hat – Your Hard Money Lender”. Broker and Co-Owner of Sun Pacific Mortgage & Real Estate, family owned and operated in Sonoma County California since 1988.