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Fast Financing That’ll Give You Goosebumps!

Let us help you or someone you know with our scream-worthy Private Money Programs, just like we did below.  You’ll get goosebumps because we are that good!

image5Recently Funded

Program: Primary Residence Refinance
Amount Funded: $830,000
Location: Monterey County
Why Came To Us: Credit was poor with mortgage lates, so got our loan to consolidate high interest cards and improve qualifications for a long term traditional mortgage.


Program: Investment Property Purchase
Amount Funded: $960,000
Location:  San Diego County
Why Came To Us: Difficult to prove income as self-employed.


Program: Primary Residence Refinance
Loan Size: $673,000
Location: Sonoma County
Why Came To Us: Borrower needed to remove ex-husband from Title as part of divorce and has a small deadline to do this.

We can be reached at 707-523-2099 or visit www.sunpacificmortgage.com with your questions or scenarios.  We’ll quickly let you know how our scream-worthy Private Money loans can help you or someone you know!

U.S Housing Market Experiencing One of the Most Dramatic Shifts in its History

Model house on a financial graphEven Federal Chair, Jerome Powell, went so far as to call it a “difficult correction.”

While the speed and breadth of the slowdown have some Americans worried about a repeat of the 2008 housing bust, John Paulson, the hedge funder who famously pocketed $4 billion betting against the U.S. housing market in 2008, is among those who believe history isn’t repeating itself.

Paulson believes that the underlying quality of the mortgage industry today is far superior to the subprime mortgages that flooded the market in 2008. Thanks to the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the stability of the U.S. financial system and the quality of our mortgages is ensured.

As a result of this act (CFPB), banks and financial firms are not highly leveraged. This phenomenon would be seen as unacceptable in today’s market and this law prevents banks from making specific types of risky investments.

At Sun Pacific Mortgage, we adhere to the Dodd-Frank regulations. Any loan is thoroughly screened and only those who have sufficient equity and proof of the ability to repay the loan get presented to our team of Investors.

If you are looking for a profitable return on your investments in these uncertain times, give Sun Pacific a call at 707-523-2099 to discuss becoming part of our team of private investors, or visit our website at www.sunpacificmortgage.com.  We have been engaged in private lending to Californians for 34 years and are one of the only private lending companies that still offer owner-occupied, consumer purpose mortgages.

Spooktacular Loan of the Week!

RIP LoansR.I.P. Turned Down Loans!

Avoid mortgage declines and slows this Halloween season by taking advantage of our Private Money loans:

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Our Spooktacular Loan of the Week

Program: Owner-Occupied Refinance Business Purpose
Loan Size: 900k
Location: Sacramento County
Why Came To Us: A Mortgage Broker was hoping to get quick assistance for his client who’s debt to income ratios were too high. This Borrower needed a quick refinance with cash out to save a rental from default and to upgrade the property so they could get higher rental return. With an LTV of 51%, this was easy for us to get approved and funded!

If you have any questions or scenarios, you would like us to review, call 707-523-2099 or visit our website at www.sunpacificmortgage.com.  We will quickly show you how to make getting a loan less terrifying with our Spooktacular loan programs.

California’s North Coast Home Prices Rise in August

Jenner CaliforniaIn August home prices ticked up in Napa, Sonoma, and Solano counties, but Mendocino Lake and Marin counties along with San Francisco trended downward as compared to July.

The median price for a single-family home sold across the nation in August was $440,000, while the median in California was $839,500. For the North Bay, the median was $738,000. Inventory remains low on a historical basis. At times the number of homes for sale has exceeded 10,000 for Marin, Mendocino, Napa, Solano, and Sonoma counties. Multiple listings for August show North Bay inventory was at 2,747 homes for sale, 14% below a year ago.

Find a comparison chart of the North Bay counties prices and annual/monthly changes below:image1

If you are looking to offset your losses experienced in the latest stock market tumble, consider becoming a Private Money Investor with Sun Pacific Mortgage. Hundreds of our investors are enjoying the benefits of being a passive homeowner collecting 8%-13% on their investments in California real estate. To learn more, call today (707) 523-2099 or visit our website at www.sunpacificmortgage.com.

Ghoulishly Good Financing For All!

PumpkinsNo Need To Be Frightened…We Can Fund That Loan!

Don’t be frightened if you or someone you know just missed out on qualifying for conventional financing. Take advantage of our Ghoulishly Good Private Money Loans this October for your real estate needs, just like we did below:

Recently Funded

Screen Shot 2022 10 04 at 9.10.26 AMWe can be reached at 707-523-2099 or visit our website at www.sunpacificmortgage.com with your questions or scenarios.  We’ll quickly let you know how our Ghoulishly Good Private Money loans can help you or someone you know!

The Ever-Changing California Real Estate Market

California Real Estate Remains Best Long Term Investment 1

The changes in the real estate markets, throughout California, have been one of the biggest news stories in recent months.  The news reports slowing sales and rising inventory, but prices still rising year over year.  Home prices are indeed higher than a year ago but peaked in May and have softened since then.

What the experts are not predicting however, is a crash.  They all agree that this slow down will not be a repeat of 2008.  Homeowners in Northern California as well as Southern California have lots of equity and have legitimately qualified for their home loans.  We don’t have any of the crazy lending we had leading up to the 2008 mortgage crash.  Because most Homeowners refinanced at great rates, they have lower monthly payments too.

What we are seeing is an increase in inventory with homes staying on the market longer and asking prices adjusting from the aspirational prices that Homeowners hoped to achieve in the past couple of years.

Homebuyers are seeing new opportunities with more homes to choose from, and Sellers are willing to make more repairs.

The best advice to Buyers who are hoping to purchase a home in some of the hottest California Markets, such as the Bay Area Peninsula counties, Sonoma County, Orange County and others, is to assess how long they plan to live in their new home. With an historical 8% inflation rate, we see home values moving up over time. If a Buyer finds a home that fits their needs and they are comfortable with the payment, they shouldn’t be concerned if home prices dip a little as long as they are higher when they go to sell.

If you or your client, have been turned down for a conventional or traditional loan, you may want to give us a call here at Sun Pacific Mortgage & Real Estate – also known as The Guys in the White Hats: 707-523-2099 or visit our website at www.sunpacificmortgage.com. We are family owned & operated and have been providing fast, cash-like mortgages for over 34 years in California. We specialize in owner-occupied mortgages which have become more difficult to obtain recently.

Get Your Needed Loans Faster With This!

BIKESRide With Confidence – Private Money Finishes Fast!

Avoid loan slows or disapprovals by working with us to get a FAST Private Money mortgage for your next investment, purchase, or refinance!

Let us help you or someone you know, just as we did below:

 

Loan of the Week

Program: Bridge Purchase Financing
Loan Size: $825,000
Location: Sonoma County
Why Came To Us:  A local Broker brought these Home Buyers to us, as their final loan approval was turned down due to debt-to-income ratios.  Buyers were supposed to sign closing docs in just a few days but were without financing!  This is where we were able to step in and get them a fast Bridge loan so they wouldn’t miss out on their dreamhouse purchase, prior to selling their existing home.  With our help, the Buyers were able to sign docs and close on their new home on time!

We specialize in alternative financing, for those who need FAST loans or have been turned down elsewhere.  Any credit issues, difficult to prove income, property condition, etc. – not a problem!

Call our office at 707-523-2099 or visit www.sunpacificmortgage.com; we will be happy to help you or someone you know, charge into this Fall season with confidence using our quick Private Financing Programs.

Your Asking Price Matters More Now Than Ever

Why Cash Out Refinances

We are aware of the housing market slowdown from the frenzy we saw over the past two years. But what does that mean if you’re thinking about selling your home?

Because real estate prices are still appreciating although at a slower pace and mortgage rates are rising, there are more homes on the market. This new market requires sellers to be incredibly careful about how they price their home.

During the pandemic, sellers could price their home higher because demand was so high, and supply was so low. This year, things are shifting, and that means sellers need to rethink their strategy. The price set for homes sends a message to potential Buyers. If you price it too high, you run the risk of deterring Buyers.

If you need to lower your price later to attract more Buyers after it has sat on the market for a while, it can be seen as a red flag. Some Buyers will wonder what that means, and it can be a serious “turn-off.”  Your Real Estate Agent is the best able to give you a true picture of what the market looks like in your area to help you set a suitable selling price.

Real estate experts have a saying: “If it’s sitting there, there are three reasons: price, price, price.”  That may not have been the case a few months ago, but today’s Buyer is savvy enough to know that the market is not what it was for the past couple of years. Buyers will not be as quick to jump without negotiating.

So, if you are a Buyer in today’s market but are finding it difficult to obtain a loan or want to make a stronger offer with a quicker close, consider a short term private loan from Sun Pacific Mortgage (707-523-2099) or visit our website at www.sunpacificmortgage.com. We have helped thousands of Buyers like you for over 34 years in California. We can help get you into a mortgage fast and with far fewer hurdles to jump over – our average days to close is just 2 weeks!

Charging Into Fall – Smoother Transactions!

ATV PROMOThe Guys In The White Hats Can Get That Loan Done!

Let us help you or someone you know this Fall season get on the right path with our FAST Private Money Real Estate Loan Programs, just as we did below:

Recently Funded
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Here at Sun Pacific Mortgage, we have helped many Borrowers in California pave their way to homeownership, with our fast and forgiving Private Money financing. Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com with any questions or scenarios.  We’ll quickly answer with what we can do to help make your bumpy ride smoother!

The Housing Market in California Today

california neighborhood

A summary of the real estate market in California might read, “mixed bag”.  While home prices increased year-over-year in July, the number of homes sold fell by a whopping 31.1% and the number of homes for sale rose as compared to last year. According to the California Association of Realtors 30 counties recorded sales declined more than 30% from last year.

The Central Coast experienced the largest decline among major regions, with sales decreasing 37.3% from the previous year.  However, the good news for sellers is, median sales price continued to grow in nearly 80% of the California counties!  The final median home prices decreased by only 3.5% to $833,910 (meaning homes are selling for less than asking price) – but this median home price was 2.8% higher than last year at this time.

The report for August reads as follows:

  • Closed sales per day: 513
  • Pending sales per day: 306
  • New listings per day: 260
  • % Of active listings with reduced price: 41.6%
  • % Of homes closed above list price: 35%
  • Median days of the market for closed sales: 22

Currently, we see some markets cooling down.  It is good to keep in mind that all real estate is local and the national news headlines don’t necessarily apply to every market around the country. It would appear that in most of California it has gone from an extreme seller’s market to a more balanced one. One thing remains constant: real estate is now and always has been a sound investment.

If you are looking for a profitable place to invest your portfolio, give Sun Pacific Mortgage a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com and become one of our many private investors in Deeds of Trusts.  Earn upwards of 13% return on your investments in stronger real estate Notes.

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