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Don’t Give Up. You COULD Qualify To Buy A Home NOW.

Don’t Give Up. You COULD Qualify To Buy A Home NOW.

Home buying CAN become a reality. There are many loan programs available and families might just qualify to buy now – but they have to look for experienced lenders and agents to help get them all the information out there. DON’T GIVE UP.

Persistence. Experience. Sincerity. Caring. These are traits any Realtor and Lender or Broker should have when you decide to work with them. You need to know all your options for BUYING NOW.

Cost-Of-Waiting-KCMThe KCM Crew just wrote another great blog called “The Cost of Waiting To Buy a Home”. It lays it out pretty clearly how waiting to save up for more of a down payment or waiting until your credit is the highest you can get it, just costs you more money down the road when you actually buy your home.

Stop waiting, wondering and hoping. It’s time to take action and find your local licensed, experienced, honest and persistent Agent who can provide you with what you need to get into a home – sooner than later.

If you want any information about alternative financing due to poor credit, difficult to prove income, property a fixer, etc. then don’t hesitate to call my office at 707-523-2099 and we can provide this. We are located in Santa Rosa and have been offering hard money loans (also known as private money) for over 28 years. We offer $100,000 on up to jumbo size loans in the North bay areas, South bay areas and actually throughout all of California.

Best, Forest – The Guy in the White Hat

Hard Money Broker of family owned and operated Sun Pacific Mortgage & Real Estate company, serving all of California since 1988! www.sunpacmortgage.com
CA BRE License #01000559. NMLS #289456

Original KCM blog link: http://www.keepingcurrentmatters.com/2015/09/16/the-cost-of-waiting-to-buy-a-home/?utm_source=feedburner&utm_medium=email&utm_campaign=Blog_Promo

Recently Funded Deals – The Buck Stops Here

Recently Funded Deals – The Buck Stops Here

Being the last hope for an individual or family to buy a home or an investment property is not just a job for us but something we are proud we can be.

We hope the following recently funded deals shows you how we can help you, your client, a family member or friend, anywhere in Sonoma County and all throughout California for that matter.

“The Sun Pacific Team is extremely knowledgeable with decades of experience. They also really care about their clients, are efficient and provide the lowest stress possible. I would hire Sun Pacific again, without hesitation, for my next home buying experience.” Regards, Karen

Call Us Today at 707-523-2099 with your real estate finance scenarios and see how we can help.

Best,
Forest & Ken, The Guys in the White Hats

P.S. We love referrals!

guys

RECENTLY FUNDED TRANSACTIONS:

NOTE: Get our financing despite credit circumstances, self employed difficult-to- prove income, need of fast financing, property a fixer, etc! We finance investment properties, owner occupied properties, multi-units, some commercial and land throughout California.

SANTA ROSA, CA
Type: Rental Properties Refinancing
Amount: 531K
Days to fund: 8 days
Reason needed: Bankruptcy in the past years

BERKLEY, CA
Type: Investment Property Purchase
Amount: 593K
Days to fund: 22 days
Reason needed: Short Sale still on record

RIVERSIDE, CA
Type: Owner Occupied Bridge
Amount: 355K
Days to fund: 14 days
Reason needed: Property condition poor

ROHNERT PARK, CA
Type: Principal Residence Purchase
Amount: 232K
Days to fund: 8 days
Reason needed: Difficult to prove income

SANGER, CA
Type: Owner Occupied Short Term
Amount: 199,000
Days to fund: 8 days
Reason needed: Credit Poor

OAKLAND, CA
Type: Commercial Property Purchase
Amount: 221K
Days to fund: 24 days
Reason needed: Owned multiple properties

FALLBROOK, CA
Type: Owner Occupied Purchase
Amount: 703K
Days to fund: 22 days
Reason needed: Self Employed

Click this link for our rate sheet, showing the programs we offer.

CALL TODAY, The Guys In The White Hats at
(707) 523-2099

 

Ever Thought About Becoming A Private Investor And Investing In Real Estate Trust Deeds?

Hard Money, also known as Private Money, plays an increasingly significant part of today’s real estate financing.   Just within the past couple of weeks, our company funded a jumbo loan of $803,000 on an owner occupied purchase in Berkley; A $593,000 for an investment property purchase by San Diego and another jumbo size loan of $850,000 for a refinance of some rental units by San Francisco.
For those with tarnished credit, self employed and difficult to prove income or if the property needs fixing so won’t qualify for conventional financing – Hard Money is the only option, and, it could be the strongest option at times for making the better offer, getting that one property you have set your sights on, etc.

This KCM infographic provides another reason real estate selling, buying and investing is beneficial to more than just one person or family:  Economic Impact of Every Home Sold

http://www.keepingcurrentmatters.com/2015/09/11/economic-impact-of-every-home-sold-infographic/?utm_source=feedburner&utm_medium=email&utm_campaign=Blog_Promo

CaptureIf in need of a hard money loan or if you are interested in investing in trust deed offerings for California real estate, send me a message or call my office 707-523-2099 and see how we can help.  We have been in business since 1988 and are always looking for more investors for our hard money lending business.

Best,

 Forest – The Guy in the White Hat

Hard Money Broker of family owned & operated Sun Pacific Mortgage & Real Estate, serving all of California since 1988!   www.sunpacmortgage.com    707-523-2099

CA BRE License #01000559. NMLS #289456

 

 

 

 

Stop Wondering If You Qualify For A Home Loan

You owe it to yourself/your family to truly FIND OUT from numerous experienced Lenders, what the available [and new] multiple loan programs are!
100 dollar bill and sign

Wondering If You Qualify For A Home Mortgage?  Find Out For Sure!

Are you someone who does not think they should bother contacting an experienced and licensed Mortgage Broker or Lender as you “already know you aren’t qualified”?

Well, change that thought!

Pick up your phone, get onto your computer for an internet search or just walk in to a good local Lender.  There are numerous loan programs available. Find out which loan program best suits you.  And don’t just go to a bank.  Also go to local Brokers and portfolio type lenders (such as a Credit Union).  Even consider Hard Money or Private Money financing as these have less credit hassle financing.

Whether you need an investment property refinance or a jumbo loan to buy that big family house in Santa Rosa, San Francisco or Marin, or, how about in Monterey Bay or another beautiful California city? ALL Programs should be considered as you could be missing out on that specific home mortgage which you do qualify for!

It can’t hurt to find out for sure, from experienced and licensed mortgage professionals.  You may just be happy you asked.  You could soon become a new homeowner!

This Keeping Current Matters Blog should help further dispel any such idea:

“What Do You Really Need to Qualify for a Mortgage?”  http://www.keepingcurrentmatters.com/2015/09/03/what-do-you-really-need-to-qualify-for-a-mortgage/?utm_campaign=Blog_Promo&utm_medium=Social&utm_source=Facebook&utm_content=dailyblogpost

Best, Ken

Lead Loan Originator at Family owned & operated Sun Pacific Mortgage & Real Estate, Hard Money Broker Serving all of CA Since 1988!   707-523-2099 www.Sunpacmortgage.com

CA Bur Real Estate License #01858042 and NMLS #1221130

Recently Funded Deals – Multiple Programs

 

The variety of our recently funded transactions hopefully give you a clearer understanding of how we can help you and/or your clients with our alternative financing throughout Sonoma County, North Bay areas and all the rest of California!

“Thanks to your entire team for all of your hard work, patience and for going the extra mile to ensure my dad’s loan went through as soon as it possibly could.  I am overall impressed with how efficient you are in particular and how much the details are important to you…a great experience, mainly due to how easy it is to work with you, so many thanks for that!”

Regards, Sarah

Call Us Today at 707-523-2099 with your real estate finance scenarios and see how we can help!

Best,

Forest  & Ken – The Guys in the White Hats

P.S. We love referrals!

RECENTLY FUNDED TRANSACTIONS:

NOTE:  Get our financing despite credit circumstances, self employed difficult-to- prove income, need of fast financing, property a fixer, etc! We finance owner occupied, non-owner, multi-units, some commercial and land throughout California. 

 

Click this link for our rate sheet, showing the programs we offer.

CALL TODAY, The Guys In The White Hats at

(707) 523-2099

See our website at: www.sunpacmortgage.com

       Alternative Financing Broker Serving California since 1988!

800 Mendocino Ave. Ste 2

Santa Rosa, CA 95401

(707) 523-2099
www.sunpacmortgage.com

Forest CA Bur of Real Estate license #01009559 and NMLS #299456
Ken CA Bur of Real Estate license #01858042 and NMLS #1221130

 

 

5 Biggest Myths About Hard Money Loans

5 Biggest Myths About Hard Money Loans

 

myth-v-truthBeing a Hard Money Broker for over 25 years here in Sonoma County but licensed for the entire state of California, time and time again I hear such myths or questions similar to these.

 

This should hopefully dispel any last vestige of concern or uncertainty about the value and use of hard money in real estate.  Be it to buy your own home or a 2nd home, a flip, an investment property, land to build on, etc. – hard money can be the best choice for you.

 

The myths so aptly covered in Trust Deed Capital BLOG, by Ken Meyer on July 21, get cleared up by providing the facts:

 

 

 

Myth #5: Only the Desperate Seek Out Hard Money Loans

One of the most difficult myths to dispel is that anyone who goes outside the traditional lending structure (banks, for the most part) must be desperate for a loan. This is the furthest thing from the truth, since most of the people who seek out hard money loans are smart business people who would rather work with an individual investor on a project than deal with a huge lending institution.

Myth #4: Hard Money Lenders Are All Loan Sharks

Hard money lenders are business people, just like their clients. A hard money lender provides money based on the investment, rather than based on the person’s credit score, which means that the lender’s eye is on making the investment succeed. Fairness and good business sense means you get return business. Setting impossible, harsh terms on the other hand means that people won’t come to you unless they’re desperate, which is something hard money lenders want to avoid at all costs.

Myth #3: Hard Money Loans Are More Expensive Than Traditional Ones

You get what you pay for when it comes to financing. If you need to get money in the next two days so you can acquire and flip a property for a huge profit, then time is of the essence. If a traditional lender can’t get you the money in the time frame you need, then it simply isn’t a valid option.

Hard money loans provide flexibility, but their costs are also affected by the loan in question, the profit to be made, and the laws of supply and demand. All of that said, the interest rate on a hard money loan can sometimes be higher than a traditional loan, but they are also usually shorter term and can close quickly. Time is money in investment real estate, so when you look at the big picture, a hard money loan is usually more cost effective than a traditional loan.

Myth #2: Hard Money Loans Have Draconian Rules

Hard money loans are given by an individual, which means that the rules will change from one lender to another. Generally speaking, hard money loans have different restrictions put on them than consumer loans. This is for a specific reason; the lender is looking out for the investment. Lenders and borrowers are encouraged to negotiate until they reach terms they feel they can work under, which is often not the case for banks and other traditional lenders.

Myth #1: It’s One or the Other

Perhaps the biggest myth when it comes to hard money loans is that you can’t also have soft money loans (the more typical sort you get from the bank). There are no rules that say this, and often those who need as much financing as they can get will draw from multiple sources to make sure they have enough capital to get the project done.

oOo

 

Original Trust Deed Capital Blog link: http://www.trustdeedcapital.com/blog/5-biggest-myths-about-hard-money-loans?success=true

This same blog comments on how scary hard money can seem to be, but this only comes about because of the lack of understanding and knowledge required to properly invest with or borrower hard money.

I hope that if you or someone you know that is having trouble getting a loan elsewhere, has a time sensitive purchase requiring financing, etc. that you honestly check out hard money as an option.  You may well be very glad that you did!

 

 

Best, Forest – The Guy in the White Hat

Hard Money Broker Serving all of CA Since 1988!

 

Sun Pacific Mortgage & Real Estate, Family owned & operated (707)523-2099.

www.Sunpacmortgage.com; CA Bur of Real Estate license #01009559 and NMLS #299456

What is a Bridge Loan?

Real estate agents, investors, home buyers and home sellers alike should know about this short term real estate loan, or should I say smart home buying strategy. A Bridge or temporary loan is a type of Creative Financing that some Lenders offer.

 

It is a short term loan, 12 to 18 months only.  It gets paid off with longer-term financing down the line or from the sale of a property.  It essentially Bridges a Borrower from one point to the next.

 

The Benefits:

  1. A Bridge loan is deemed cash by Listing Agents.
  2. Your Buyer does not have to have a contingency of their home selling to use a bridge loan.
  3. A home owner can buy another house now and sell their home later.
  4. There is no fear of the buyer finding their dream home because they still have to sell their current home at the same time.  This is not required with a bridge loan.
  5. Your buyer can buy a fixer, fix it up and have their dream home that way.

The Requirements:

  • This will be a 12 month loan.
  • A minimum of 3 months payments are due.
  • You have to have at least 20-25% for the down payment on a purchase.
  • You have to have decent equity in your existing property on a refinance or pulling cash out.

The Uses:

While there is really no limit on when a bridge loan can be used, as long as the borrower is comfortable with the terms, most bridge loans are typically sought when another sale is pending and the funds are needed to consummate the final deal, permit approvals hold up a project or, most typically, in a “fire sale” situation when a seller must close a deal within a specified period of time.

 

Some instances of when you might use a Bridge Loan are:

  • Pulling some cash out from the equity in your current home and using that money as a down payment to purchase another home.  This allows you more time to sell the home you are currently in.
  • Buying a house to fix and resell, also known as Flipping.
  • Using the Bridge loan to acquire a home that is in disrepair, fixing it up to live in it and then converting the loan to a 30 year fixed rate loan within the 12 to 18 month period.

 

The Costs:

Rates and costs for Bridge Loans can vary by Lender, of course.  Generally speaking however, rates range between 9-12%, interest only.

 

How We Can Help You:

We are licensed for the entire state of California and have been in business for over 27 years now.  Call our office at 707-523-2099 and within just a few minutes, we can let you know what we can do for you!

 

You can also find out all the we offer on our website at www.sunpacmortgage.com and you can email us through our website or at the email below.

 

I hope this has helped you understand more about what a Bridge loan is.

Keep Your Real Estate Market Hot!


The real estate market is really heating up –

not only for Agents but also for potential home sellers and home buyers.

 

This means multiple offers on properties for sale which is good for a home seller but what about you home buyers?  Or, what if you are a “Seller–Buyer” and need to get your home sold before you can buy?  Contingent purchase offers can be less appealing than an all-cash offer or no-contingency offers.  How about letting our short term Bridge Loan help you out!
 

We recently did a loan for a lady who needed fast cash so she could close on the property she had her eye on for some time.  We were able to get a Bridge Loan done on an existing property she owned, in 14 days from start to finish.  With this money she was able to buy the house that she otherwise would not have been able to get.
 

Our Bridge Loan program is a hard money loan thus more forgiving than conventional lenders, it can fund fast, and hard money is virtually cash so it can assist in strengthening purchase offers too. 
 

We have helped many, many others so let us help you too! Call today (707) 523-2099!

 

Best,

Forest, Ken, and Lynn – The Guys in the White Hats

 

 

Click this link for our rate sheet,
showing the programs we offer

 

 

Read some of our customer testimonials here

 

 

       Alternative Finance Lenders Serving California since 1988!

800 Mendocino Ave. Ste 2
Santa Rosa, CA 95401
(707) 523-2099
www.sunpacmortgage.com

 

 

California Bureau of Real Estate Broker Corporate License # 01464899.

Nationwide Mortgage Licensing (Registry) System Office NMLS # 360993

It Is That Time of Year in Real Estate To Have Alternative Financing Readily Available


It Is That Time of Year in Real Estate

To Have Alternative Financing

Readily Available

 

“Forest and his team have performed for my clients on multiple occasions. As always, with great results and timing. Very knowledgeable in their field and would not hesitate continuing to recommend them when my clients need their services.”  Realtor® K.D.L

 

“Sun Pacific is a go to team in my book. If you need it DONE, go with them!” C.M.

 

We love hearing from our Borrowers directly as well as other Lenders and Agents we work with. It is always a pleasure to help rescue a home buyer turned down elsewhere for a mortgage. As well as be able to help out another Agent or Lender who just found out their borrower’s loan was disapproved and Escrow closes in a week! Or using a Bridge Loan to help someone buy a new home while waiting for their current home to sell.

 

Spring has sprung and real estate inventory is increasing, as is buyer demand.  Agents, Lenders and Buyers need their best foot forward when submitting offers. Our Hard Money programs can help sweeten a deal as well as quickly fund if needed, despite poor credit, bankruptcy, short sale, difficult to prove income, etc.

 

See below for some of our recently funded loans so you can get a better idea how we are here to help you! 

 

Call US today (707) 523-2099.

 

Best,

 

Forest, Lynn & Ken  – The Guys in the White Hats

P.S. We love referrals!

 

 

NOTE: We finance Bridge loans, Owner Occupied purchases and refinances, non-owner purchases single and multiple units, commercial and some land. Get our financing despite poor credit, self employed-difficult to prove income, need fast financing, property a fixer, etc!

 

 

SANTA ROSA, CA

Type:  Short term Bridge Loan

Amount:$290,000

Days to fund: 13 days

Reason needed: Needed fast cash to buy another home while current house up for sale

 

HAYWARD, CA

Type: Owner Occupied Cash-out Refinance

Amount:$111,000

Days to fund: 17 days

Reason needed: Poor credit

 

SANTA ROSA, CA

Type:  Cash-Out Non-Owner Property

Amount:$270,000

Days to fund: 7 days

Reason needed: Owned numerous properties

 

COBB, CA

Type:  Non-Owner Purchase

Amount:$300,000

Days to fund: 14 days

Reason needed: Foreclosure on credit

 

SAN JOSE, CA

Type:  Investment Purchase Bridge Loan

Amount:$200,000

Days to fund: 10 days

Reason needed: Needed fast cash

 

INDIAN WELLS, CA

Type:  Short term Bridge

Amount:$997,000

Days to fund: 27 days

Reason needed: Still had current house up for sale but needed funds for new home

 

SONOMA,CA

Type:  Non-Owner Rate and Term Refinance

Amount:$232,500

Days to fund: 10 days

Reason needed: Bankruptcy on credit

 

 

Click this link for our rate sheet, showing the programs we offer.

 

CALL TODAY, The Guys In The White Hats at

(707) 523-2099

 

See our website at: www.sunpacmortgage.com

 

 

       Alternative Finance Lenders Serving California since 1988!

800 Mendocino Ave. Ste 2
Santa Rosa, CA 95401
(707) 523-2099
www.sunpacmortgage.com

 

 

California Bureau of Real Estate Broker Corporate License # 01464899.

Nationwide Mortgage Licensing (Registry) System Office NMLS # 360993

5 Reasons to Use A Licensed Professional

Experienced and licensed Brokers, Realtors & Lenders are important for all your lending and/or real estate transactions.

 

I recently read an article about the importance of using an experienced and licensed Lender as well as Real Estate Agent and how not using one of each actually added time, money and ended in some loss of the Buyers.

 

Here is the original link to the below fun and informative infographic with really good reasons why one not only wants to use a licensed Real Estate Professional but also applies to licensed and experienced Brokers and Lenders:

 

5 REASONS TO LOVE USING A REAL ESTATE PROFESSIONAL [INFOGRAPHIC] – The KCM

http://www.keepingcurrentmatters.com/2015/02/13/5-reasons-to-love-using-a-real-estate-professional-infographic/?utm_source=feedburner&utm_medium=email&utm_campaign=Blog_Promo

 

It truly does benefit the Buyer and Borrower alike to find a local expert who can help them through the real estate or lending transaction.  So don’t make the mistake and try to do it yourself, unless of course you are a licensed and experienced Broker, Real Estate Agent or Lender.

 

Best, Forest – The Guy in the White Hat

Sun Pacific Mortgage & Real Estate

 

Forest Tardibuono is Co-Owner and CA BRE Broker known as “The Guy in the White Hat” of family owned & operated Sun Pacific Mortgage & Real Estate – Your California Alternative Finance Lender since 1988.

P.S. We love referrals!  www.sunpacmortgage.comBRE license #01464899/NMLS #360993

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