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Benefits of Borrowing from a Private Lender

Benefits of Borrowing from a Private Lender

Why would a real estate Buyer get a mortgage from a private lending company rather than an individual investor or conventional source?  There are numerous reasons, but to list a few:

  1. You can be self employed with difficult to prove income and still get a loan.
  2. You can better arrange the terms that work best for your circumstances.
  3. You don’t have to do the work to build individual relationships with investors – they’ll be made for you.
  4. You work with experts who are knowledgeable and quick to perform.
  5. You can present a faster 10-day offer close on your purchase offer!
  6. You can work with virtually all cash and not have loan contingency.
  7. You can stay in your current house while buying your new dream home with a Private Money Bridge Loan.
  8. There are less qualifications – making it easier to get the home loan you need, while still ensuring you can afford the monthly mortgage payments.

Many Borrowers believe that these benefits far outweigh the higher interest rates and associated fees.  Often Borrowers can get a quick loan even after being rejected by a conventional lender.  In many cases loans can be funded in days rather than the typical weeks or months from a bank.

If you have been looking to buy in this highly competitive market, give Sun Pacific Mortgage a call at 707-523-2099.  We are a direct private money lending company for more than 33 years now and capable of simple, fast approval processes allowing you to get “a leg up” in this demanding seller’s market.

Direct Financing For Your Buyers

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  • FAST Closing
  • Stated Income (Business Purpose Loans)
  • Primary Residence Financing
  • Never ran out of money after 33 years in business!

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Call today 707-523-2099 with your scenario.

The Guys in the White Hats; Continuing the legacy of 33+ years of Private Money lending!

 

Real Estate vs. Stocks

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Whether to invest in real estate or stocks is a personal choice that depends on your financial situation, risk tolerance, goals, and investment style.

When you buy stocks, you buy a tiny piece of that company.  In general, you can make money two ways with stocks:  value appreciation as the company’s stock increases and dividends.

When you buy real estate, you acquire physical land or property.  Most real estate investors make money by collecting rent or mortgage payments, as is the case with private investors at Sun Pacific Mortgage.  These private investors are provided a steady income stream and through appreciation, as the property value goes up, a hedge against a bad borrower.

For many prospective investors, real estate is appealing because it is a tangible asset that can be controlled, with the added benefit of diversification.

Comparing the returns of real estate and the stock market is an apples-to-oranges comparison because the factors that affect prices, values, and returns are very distinct.  But, bottom line, both present risks and rewards.  Smart investors opt for a variety of asset classes to reduce their risk.

Investing in real estate is an ideal way to diversify your investment portfolio, reduce risks, and maximize returns.  If you like the idea of investing in real estate, but don’t want to own and manage properties, become a private investor with Sun Pacific Mortgage.  We have hundreds of private investors who choose to fund our trust deeds and maximize their investments with returns up to 13%.

Call Sun Pacific Mortgage at 523-2099 or check us out at www.sunpacmortgage.com and discover a better way to increase your family’s wealth.

Fast Private Money Loans

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Recently funded by us:

  • Primary Residence Purchase
  • 437,000 loan amount
  • 61% LTV
  • Morgan Hill, CA
  • 2 Week Close!

At Sun Pacific Mortgage we continue the 33 year legacy of providing Private Money financing!

Routinely contacted by Home Buyers and Home Owners, who need FAST financing or are unable to get a home loan elsewhere.  Sometimes it is because of your FICO score or difficult to prove income, etc. Other times it is simply because you want a stronger purchase offer with shorter 10-day close.

Give us a call at 707-523-2099 with any questions or scenarios and we’ll quickly get back to you with how we can help!

Want More Loan Options?

Want More Loan Options

Continuing the legacy of 33 years; We offer FAST private money financing for your real estate needs:

  • FAST Loans
  • More forgiving qualifications
  • We Can Help Despite Being Turned Down Elsewhere!

Loan of the Week

A Broker from Santa Clara called us, requesting fast help with a Borrower she had.  This particular Homeowner was looking for a fast refinance and cash-out of their primary residence, so they could purchase an investment property for 560K.

They were in Escrow and his loan had just fallen through, due to some trouble with proof of income.  He was about to lose out on a great investment purchase, so his Broker made the smart move and brought him to us for fast financing.

With an LTV of just 48%, in 9 days we had his refinance approved, through Escrow and his new investment property keys in hand!

Get trusted and friendly service from our family owned & operated company, in business over 33 years.

Call today 707-523-2099 with your scenario.

Get Your Loan Funded This Month!

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Continuing the legacy of over 3 decades:

  • We offer FAST Loans.
  • Credit Problems Okay.
  • Primary Residence & Investment Properties Financed. 
  • We have the Investors with the money.

Recently Financed by Us:

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Call today 707-523-2099 with your scenario!

What Does Proposition 19 Mean for California Sellers?

What Does Proposition 19 Mean for California Sellers

Passing Prop 19 in November 2020 will have significant consequences for homeowners selling in one county and buying in another.  We witnessed much of this movement in the past few months as families in the bigger cities – such as San Francisco – wanting more space and bigger homes, moved to the suburbs.  As a result of Prop.19 there will be consequences going forward that may benefit sellers who moved between counties rather than within a county.

Up until February 15, 2021 a seller could only transfer their tax base within certain counties.  With this new law enactment, eligible homeowners may now transfer their tax basis anywhere within the State.

Additionally, Prop.19 increases the number of times that certain people may transfer their tax assessments.  If a person is 55 years or older, has severe disabilities, or lost a home in a natural disaster (such as a fire), the person may transfer their tax assessment up to three times (formerly only once.).

Unfortunately, many people will experience a negative impact from Prop.19 since it considerably limits the parent-child exclusion for purposes of real estate tax assessments.  Formerly, parents could transfer a primary residence to children without any new fair-market reassessment regardless of how they might use the property, thus allowing them to enjoy the same property tax basis as their parents.

In the past, if a child chooses to keep the home and to use as a primary residence, a $1 million of reassessed value will be excluded from the new property tax basis.  If, however, the child decides to keep it as a rental property or anything other than the primary residence, there is no $1 million exclusion, and the child will face a significant increase in property taxes.

It would seem that this Proposition will have as much of an impact on California real estate as Prop.13.

We Can Help – Like We Did These Borrowers!

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  • FAST Loans!
  • 34th Year In Business
  • Turned Down Elsewhere – We Can Help!
  • Trusted By Over 10,000 Borrowers

We continue to carry on the legacy of our late Broker and Co-Owner Forest, after 3+ decades of Private Money Lending.  Still here to help!

Funded By Us

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Call Us now at 707-523-2099 with any questions or scenarios.  We will quickly let you know how we can help your Borrowers.

 

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