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Scary Good Home Financing!

October 21, 2021

Halloween Broker Loan Originator

No need to be scared – we offer FAST financing! 

Let us help with your refinance or purchase. 

We Are Direct Private Money Lenders:

 Our Programs can finance Borrowers who have: 

  • 10 Day Close on a Purchase
  • Owner Occupied Property
  • Difficult to prove income
  • Credit problems
  • Problem properties

Recently Funded

Recently Funded

Give us a call at 707-523-2099 with your questions or scenarios. We will quickly let you know how we can help make any scariness go away!

We look forward to doing business with you in the near future.

Why Buy A Home Now?

October 19, 2021

Why Buy A Home Now 1

The financial benefits of buying a home will always be debatable, but one element is non-refutable—the ability to build wealth.

These past couple of years have only confirmed this belief with appreciation recorded at unheard of rates.  The National Association of Realtors reported that the average gain for single-family homeowners over the last five years was $139,134 and over the past 10 years was $218,505.  In California you could easily double or triple those figures since our real estate market has had such unprecedented appreciation recently. Especially considering the hot real estate markets of the Peninsula counties of San Francisco, San Mateo and Santa Clara – these can be great investments for larger returns.

Homeownership builds household wealth, which also enables households to move to the home of their dreams more easily.  To quote Mark Fleming, Chief Economist at First America:

“As homeowners gain equity in their homes, they are more likely to consider using that equity to purchase a larger or more attractive home—the wealth effect of rising equity.”

In a recent survey which estimated the cumulative home appreciation over the next five years, market strategists have determined that a residential purchaser today will earn a 31.8% increase in their household wealth.

If you have been denied a loan from your bank or other lending institution, consider a privately funded loan from the investors at Sun Pacific Mortgage. Call us today at 707-523-2099 or visit https://www.sunpacificmortgage.com/ for more information.

Spooktacular Loan of the Week!

October 14, 2021

Spooktacular Loan Of The Week!

We are privileged to have many Past Borrowers who have been placing their trust in us for the past 33 years.  Still here to help with our Private Money Loans:

  • Get FAST Approvals! 
  • Owner Occupied Financing
  • Credit Issues Are Not A Problem 
  • We Are A Direct Lender

Our Spooktacular Loan of the Week

A Broker in Santa Clara County sent his Borrower’s loan to us, due to some scary credit issues that popped up at the last minute.  They were in Escrow and had just two weeks to close.

This Borrower was an investor who quickly needed rescuing with a large loan of 732,000 to purchase a rental property he was already in contract to buy.  With the loan to value of 58%, it took us just 11 days to complete all the necessary loan docs and help get Escrow closed!

Are you a Home Buyer or Homeowner who needs a fast home loan or refinance? Or you are having difficulty getting loan approval? Give us a call today at 707-523-2099. Or visit our website at www.sunpacificmortgage.com. We’ll be happy to get you a proposal on how we can help with our spooktacular Private Money Programs.

What Will This Fall Be Like in the Real Estate Market?

October 12, 2021

What Will This Fall Be Like In The Real Estate Market

According to many experts, the California real estate market, along with the weather, is expected to cool off somewhat in the Fall.

We are more likely to see something a little closer to normal, and yet the market is likely to stay highly competitive because there will still be many more buyers than sellers.  This does not mean that home prices will fall, but the expectation is that going into the end of the year, prices will rise a more modest 5%-6% as opposed to the 17.2% annual rise in April.

While more Bay Area homes are likely to go up for sale during this second half of the year, the influx won’t be nearly enough to put a dent in this housing shortage, but it may help curb the wild price growth.

Sonoma County on down to San Francisco and Peninsula markets, demand is forecasted to stay strong even though many buyers are frustrated or simply priced out of the market.  More millennials are hitting their home buying years, and because builders haven’t been able to ramp up construction to meet the population growth, resales will continue to experience a healthy growth.

One Realtor explained what we in California might be facing:

“Don’t expect deals in the fall if you are house hunting in the most desirable part of a market or competing for a particularly nice house.  Homes that stand out for one reason or another are still flying off the shelf.”

If you are hoping to buy or access your equity this fall, but have been turned down for a conventional mortgage, give Sun Pacific Mortgage a call at 707-523-2099.  Or visit our website at www.sunpacificmortgage.com. We have been helping folks just like you for over 33 years, and we look forward to pairing you up with one of our many private lenders who can make your dreams come true.

Need A Better Lending Option?

October 7, 2021

Carrying On The Legacy Of Hard Money

Carrying on the legacy of 33+ years of private money lending:

  • Credit Problems Okay!
  • FAST Financing!
  • Jumbo Loans Provided!
  • Trusted By Over 10,000 Borrowers!

Loan of the Week

A Home Buyer was referred to us by his Realtor and conventional Lender in San Mateo County.  There was a credit problem that required a few more months of handling before this particular Buyer could qualify for a conventional loan.

So, they came to us for a short-term jumbo loan of 802,000.  Despite the size of loan, with a lower loan to value of 61%, we were able to quickly get the loan approved, funded and money to Escrow within just 7 days!

Call Us Today at 707-523-2099 or reply back here.  You’ll quickly hear back with a proposal as to what we can do for you.

Investing in Trust Deeds with Your 401K or IRA

October 5, 2021

Investing In Trust Deeds With Your 401K Or Ira

Many investors would like to increase their personal wealth with real estate property but dread all the work and responsibility that comes with the management and headaches inherent in rentals.  That is the reason wise investors have turned to Deeds of Trust, to realize more than average returns on their investment and avoid the hassles and potential nightmares of being a “landlord”.

Buying Trust Deeds turns you into a real estate lender and a passive owner of property.  You supply the mortgage and in return receive monthly payments of interest and have the loan paid off over time (which can be for as little as six months to one year).

When this investment is undertaken with money from your IRA or 401K, the payments can either be reinvested into your IRA to grow tax-free or can be taken as withdrawals to meet your minimum withdrawal requirements.

Since IRAs are designed to hold investments on a long-term basis, Trust Deeds have become a financially desirable addition to retirement portfolios.  Also, the rates on the return are attractive enough to make it a worthwhile option for IRAs or 401 plans. Our Trust Deeds earn interest rates up to 12-13%.

We here at Sun Pacific Mortgage do all the “heavy lifting” for our investors.  Our due diligence in obtaining the necessary background information on both property and borrower creates a safety net for your hard-earned investment funds.

With our long reputable 33+ years of honest lending opportunities, we guarantee secure and vetted lending of trust deeds for our investors.

If you are seeking another avenue to diversify your retirement holdings and to gain more profitable returns on your investments, give Sun Pacific Mortgage a call at 707-523-2099 or email us through our website www.sunpacmortgage.com to expand your investing opportunities.

Real Estate Report on North Bay Counties for August

September 28, 2021

So Many Mortgage Myths

Once again, the lack of inventory has been the biggest factor in the shaping of the real estate market for last month.  Too many Buyers, not enough Sellers.  Here are the single-family residences results for Sonoma, Marin, and Napa counties:

Sonoma County:

  • Into contract:  537
  • New listings:  451 (115% less than 8/2020)
  • Closed:  585
  • Open listings on 9/1:  698

Marin County:

  • Into contract:  192 (20% less than 8/2020)
  • New listings:  139 (53% less than 8/2020)
  • Closed:  223
  • Open listings on 9/1:  211

Napa County:

  • Into contract:  126
  • New listings:  111 (14% less than 8/2020)
  • Closed:  125
  • Open listings on 9/1:  235

If you are hoping to snag your own new home in the North Bay or anywhere else in California, consider a privately funded loan from Sun Pacific Mortgage.  With our specialty mortgages, you are armed with the “fast close” weapon, a real bonus in this present market.  We offer refinances, Bridge loans, and purchase loans that can be closed often in a week.  Call us at 707-523-2099 to find out what we can do for you.

Loan of the Week – Finance Legacy

September 23, 2021

Carrying on the legacy of 33+ years of private money lending:

Fast Loans – Refinance Or Purchase

  • Credit Problems Okay
  • FAST Financing!
  • Million Dollar Loans Provided
  • Trusted By Over 10,000 Borrowers!

Loan of the Week

A Home Buyer was referred to us by his Realtor and conventional Lender in San Mateo County.  There was a credit problem that required a few more months of handling before this particular Buyer could qualify for a conventional loan.

So, they came to us for a short-term jumbo loan of 802,000.  Despite the size of loan, with a lower loan to value of 61%, we were able to quickly get the loan approved, funded and money to Escrow within just 7 days!

Call Us Today at 707-523-2099.  You’ll quickly hear back with a proposal as to what we can do for your Buyer.

Thinking Of Moving Now That You Can Work From Home?

September 21, 2021

Thinking Of Moving Now That You Can Work From Home 1

Before the pandemic, only 21% of individuals worked from home, but as you have probably discovered, remote work has become the new normal.  Studies have reported that over the next 5 years, 37.5% of workers will be working remotely in some capacity.

This change in work requirements means that you can be more flexible in where you live.  If you are one of the nearly 23% fortunate employees who will remain 100% remote, you will be examining your new working place more critically.  More space for your home office will be number one on your “wish list”.  Add to the list moving to an area you always considered a “vacation spot”.  Now is the time you can ditch the cord that attached you to the office and live in a more remote location with better weather or community amenities.

Rural and suburban areas have become the locales of choice for many urbanites since the exodus began last year.  The pandemic caused a movement away from urban cores.  Those with higher incomes could afford to move to larger homes with more space and lower-income individuals sought lower cost-of-living areas.

Larger California cities, such as San Francisco, Los Angeles, and San Diego have seen a significant increase in suburban real estate sales.  Experts see this phenomenon most likely persisting for the rest of the year at least.

If you are considering moving to a different home, but have been unable to obtain a conventional mortgage, give Sun Pacific Mortgage a call at 707-523-2099. Our purchase loans offer fast private financing to get you a strong all-cash offer to get you into your dream home.

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