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Recently Funded – Keeping On

All Ca Financing March 2020

Keeping Busy. Keeping Safe.
Keeping Loans Happening!

Refinancing, home buying and investment purchases continue throughout California as the real estate market maintains its strength despite current circumstances.

For those of you needing any fast financing assistance or having difficulty elsewhere with approval or funding, our family company is ready to help with our Hard Money loan programs!

Call us at 707-523-2099 and we’ll quickly respond with what we can do for you.

Recently Funded with Alternative Financing

Location:  Santa Rosa, Sonoma County
Finance Program:  Primary Residence Bridge Loan
Loan Size:  $647,000
Days to Close:  13
Purpose of Loan:  Needed a loan so they could purchase new home before their present home sold.

Location:  Palm Springs, Riverside County
Finance Program:  Primary Residence Temporary Refinance
Loan Size:  $450,000
Days to Close:  15
Purpose of loan:  Property condition disqualified for conventional financing and borrower wanted to fix up property to resell for higher return.

Location:  Santa Rosa, Sonoma County
Finance Program:  Investment Property Temporary Refinance
Loan Size:  $670,000
Days to Close:  20
Purpose of loan:  Difficult to prove income.

Location: Huntington Beach, Orange County
Finance Program:  Primary Residence Temporary Refinance
Loan Size:  $525,000
Days to Close:  23
Purpose of Loan:   Wanted to do debt consolidation and improve FICO score.

Homeownership and Tax Breaks

Homeownership And Tax Breaks

Besides the wealth accumulation that property appreciation affords, tax breaks are another way homeowners benefit from their real estate investments.  Here are some facts that set the record straight on the tax advantages of homeownership:

  1. Mortgage Interest:  Homeowners with a mortgage that went into effect before December 15, 2017, can deduct interest on loans up to $1 million.  For mortgages that went into effect after that date, only the interest on the first $750,000 is a legitimate deduction. To be able to take this deduction, you must itemize.  Most Californians will benefit from this deduction because the majority of itemize deductions will most likely exceed the standard deduction of $24,400 for a married couple, or $12,200 for an individual.
  2. Property Taxes:  This deduction is capped at $10,000 for those married filing jointly no matter how high the taxes are.  Remember that your taxes may be part of the total payment you pay to your lender.
  3. Private Mortgage Insurance:  If you put less than 20% down on your home, you are probably paying private mortgage insurance (PMI).  This can cost from 0.3% to 1.15% of your home loan. Good news: you can deduct this interest payment thanks to the Mortgage Insurance Tax Deduction Act of 2019.  This credit is retroactive for 2018, so it is a good idea to speak to your accountant to see if it makes sense to amend your 2018 tax return.

There are many reasons owning a home makes sense, but the tax benefits have always been a major motivator.  The renter’s deduction is a pittance compared to the tax write-off you can claim as a homeowner when you consider both mortgage interest and property taxes.

Hope you’ve found this useful.

Loan of the Week – Popular And Fast

Flying Money Promo 2020

Popular Fast Good Rates
Loan of the Week

A past borrower called looking for a loan of $630,400 so he could purchase a rental unit in Sebastopol, a town in western Sonoma County.  He was looking to supplement his income and add to his retirement portfolio.

He had a good down payment but since he was self-employed, he was having a problem proving enough income for conventional financing.  This is where our alternative financing, also known as Hard Money, became the answer for his investment needs.

Because this client had already proven himself to be a trusted and responsible borrower, it was not difficult to get his loan completed in less than two weeks!

If you need a fast close on a real estate deal, or have difficulty proving your income, we have the answer.  Our programs make it easy to wrap up real estate transactions quickly and smoothly. Give us a call at 707-523-2099 with your questions.

 

*APR for this rate based on a $200,000 first mortgage is 6.31%.

Stay Calm Amid the Storm

Stay Calm Amid The Storm

The advice surrounding the volatility of the stock market has included everything from “Sell everything and buy gold, canned goods, and toilet paper” to “This is a tremendous buying opportunity”.

These extreme recommendations do not apply to real estate investing, however.  The best thing for you to do as an investor is calmly follow the disciplined approach you have always used to be successful in the market.

Historically, real estate has proven to have the most risk-adjusted return.

Even if a recession should occur, the real estate market will likely be spared.

With the regulations that were put in place after the last fiasco, loans are more secure and less likely to fall prey to unscrupulous lenders.

Sun Pacific Mortgage allows investors to buy trust deeds that have been thoroughly vetted for their reliability so that risk is mitigated, and investors can feel more secure.  We have been in the Hard Money lending business for over 3 decades and have proven ourselves trustworthy partners to thousands of investors and borrowers alike.

If you would like to pursue a new way to increase your wealth in these uncertain times, give us a call at 707-523-2099.  We would be happy to explain our California only real estate investment strategies and programs to you.

Wrangled Up Unique Financing For You!

Wrangeled Up Promo 2020

Taking advantage of our most popular alternative finance program could be the best mortgage option for yourself or a client – with rates as low as *6%!

If the FICO score is good (640 and up), the loan to value is 64% or less,  and the property being purchased or refinanced is in good condition, then our Alt-A Hard Money Loan could be just the solution you are seeking.

Call us at 707-523-2099 and we’ll quickly respond with our answer to your financing dilemma!

Recently Funded with Alternative Financing

Location: Oakley, Contra Costa County
Finance Program: Primary Residence Bridge Loan Refinance
Loan Size: $310,000 with 62% LTV
Days To Finish: 19
Why Needed Us: Wanted to buy another property prior to his current home being sold.

Location:  Murrieta, Riverside County
Finance Program: Investment Property Refinance
Loan Size: $650,000 with 63% LTV
Days To Finish: 17
Why Needed Us: Was looking for fast capital for his business.

Location:  Mill Valley, Marin County
Finance Program: Investment Property Purchase
Loan Size: $2,100,000 with 67% LTV
Days To Finish: 16
Why Needed Us: Real Estate Investor having difficulty with financing elsewhere due to multiple properties owned with mortgages.

Location: Covina, Los Angeles County
Finance Program: Primary Residence Temporary Refinance
Loan Size: $450,000 with 62% LTV
Days To Finish: 11
Why Needed Us: Turned down by other lending institutions due to difficult to prove income.

 

*APR for this rate based on a $200,000 first mortgage is 6.31%.

Loan of the Week – One of a Kind!

Alt A Program 33 Andie Promo

One Of A Kind Financing Available

Alt-A Loan of the Week

One of our referring mortgage brokers sent us a client from San Anselmo in Marin County who was looking to quickly pay off a balloon payment that had come due.

The client needed a loan of $375,000 in a hurry to save his home.   As he had good credit and considerable equity in his property, he was able to take advantage of our newer Alt-A program.

When we were able to get the loan financed in less than two weeks, everyone breathed a great sigh of relief!

 

If you or someone you know needs a fast loan or they just fall short of qualifying for conventional financing, our unique alternative financing programs could be the solution! If you have any questions or scenarios then give us a call at 707-523-2099.

Most Popular Program – Recently Funded!

Aug Promo 5 1

Most Popular Alternative Financing!

Want fast alternative financing or have a client who just misses qualifying for regular “A-paper” financing? 

Then you have to take advantage of our one-of-a-kind loan program:

  • Rates as low as *6%!
  • Good credit (640 and up)
  • Loan To Value 64% or less
  • Property in good condition & location 

Call us at 707-523-2099 and we will let you know how we can help! 

Recently Funded with Alternative Financing

Location:  Santa Rosa, Sonoma County
Finance Program: Investment Property Refinance
Loan Size: $550,000 with 64% LTV
Days To Finish: 12
Why Needed Us: Needed fast capital for business purpose. 

Location: San Diego, San Diego County
Finance Program: Primary Residence Temporary Refinance 
Loan Size: $320,000 with 72% LTV
Days To Finish: 9
Why Needed Us: Wanted to spruce-up property so could sell it faster and for higher return. 

Location: Saratoga, Santa Clara County
Finance Program: Primary Residence Temporary Refinance
Loan Size: $1,065,000 with 64% LTV
Days To Finish: 16
Why Needed Us: Turned down by other lending institutions due to difficult to prove income. 

Location:  Mission Viejo, Orange County
Finance Program: Primary Residence Business Purpose Refinance 
Loan Size: $470,000 with 63% LTV
Days To Finish: 20
Why Needed Us: Wanted fast cash to purchase another property and turn it into an investment, cash-flowing rental. 

 

*APR for this rate based on a $200,000 first mortgage is 6.31%. 

Recently Funded – Trusted for Over 3 Decades

Ft And Kw Feb2

Family Owned for 32+ Years!

“What I liked most about working with you was your SPEED. My borrowers/clients were happily satisfied. You are our go-to for Owner Occupied hard money, so I definitely refer you to anyone!”
– Bank Acct Manager, E.G. 

As you can see in the below Recently Funded scenarios, we are here to assist you or a client with a fast loan!  Sun Pacific Mortgage is your answer when other conventional institutions are unable to help due to property condition, difficult to prove income, etc.   

As we enter our 33rd year as a family owned & operated Alternative Financing company, we continue to help many Realtors, Mortgage Brokers & Lenders with their homebuyers and borrowers.

Call us at 707-523-2099 and we will let you know how we can help! 

Recently Funded

Location: San Rafael, Marin County
Finance Program: Temporary Refinance Primary Residence
Loan Size: $700,000 with 54% LTV
Days To Finish: 17
Why Needed Us: Credit circumstances making other lenders disapprove the loan.

Location:  Palm Springs, Riverside County
Finance Program: Investment Property Equity Cash-Out
Loan Size: $322,000 with 64% LTV
Days To Finish: 3
Why Needed Us: Needed very fast financing. 

Location: Santa Cruz, Santa Cruz County
Finance Program: Primary Residence Business Purpose Refinance 
Loan Size: $390,000 with 60% LTV
Days To Finish: 9
Why Needed Us: Condition of property. Wanted financing to fix it up then sell it. 

Location:  Walnut Creek, Contra Costa County
Finance Program: Primary Residence Temporary Refinance 
Loan Size: $350,000 with 26% LTV
Days To Finish: 13
Why Needed Us: Self-employed with difficult to prove income. 

Location:  San Leandro, Alameda County
Finance Program: Investment Property Refinance
Loan Size: $682,000 with 63% LTV
Days To Finish: 15
Why Needed Us: Poor credit

The Year In Review

The Year In Review

While reviewing 2019, here at Sun Pacific Mortgage & Real Estate we were happily surprised by some of the significant accomplishments we achieved, resulting in many more homeowners and home-buyers getting the financing they were hoping for!

As we embark on our 32nd year in the real estate & mortgage business, we are proud to be able to continue to help many other Realtors, Mortgage Brokers & Lenders and their Borrowers & Buyers with our alternative financing, also known as Hard Money/Private Money Loans. 

HOME BUYERS & BORROWERS

Over this past year we grew our family of borrowers to more than 10,000!  Some of our happy clients have been kind enough to send us “kudos”, like this one below: 

“To the Super Heroes in White Hats!  What can be said about the incredible family business that you have created.  Here are a few things to start with…

As FAST as ‘THE FLASH’, your efficiency and cohesiveness as a team is unmatched & always produces speed that rivals sound. True ‘CAPTAINS OF AMERICAN’ Lending, you guys are blazing the way through complications & compliances of old lending and are true pioneers of the future.  As HEROIC as ‘HE-MAN’, time and again you do the heavy lifting to ensure security for your trusting clients! For all that you do THANK YOU!   With much gratitude.”
M.F. Family

As the quote above depicts, we are known for our fast funding and quick closings.  While always finding a way to make a scenario work when others have given up, we are known for making the alternative financing process a smooth and pleasant experience:  https://www.sunpacificmortgage.com/hard-money-loans-us/  

REFERRING BROKERS & AGENTS

Many referring real estate agents and mortgage lenders & brokers have joined our family this past year entrusting their clients to us when they were unable to assist them in procuring a loan.  We expertly handled matching up private investors with close to 240 loans last year, with the respective borrower and their lender or realtor happy with the outcome: https://www.sunpacificmortgage.com/brokers-and-lenders-info/

Below is what just a few of our satisfied referring lenders and agents had to say: 

“What I liked most about working with you was your SPEED. My borrowers/clients were happily satisfied. You are our go-to for Owner Occupied hard money, so I definitely refer you to anyone!”
–  
Bank Acct Manager, E.G. 

“This is my 3rd file with you Broker, in less than 30 days, and each interaction with you has been pleasant, casual, professional and I’ve had nothing but praises for you and Sun Pacific.   I’m looking forward to much continued business with you and Sun Pac.”
D.M. – Broker

PRIVATE INVESTORS

This trust that our borrowers and referring Agents have in us extends to our faithful following of investors: https://www.sunpacificmortgage.com/invest-in-trust-deeds/

Our thorough vetting process of all the loans that come through our office, before presenting them to our investors, has gained us many loyal investors who feel comfortable funding our available deeds of trusts.  Again, last year we financed over $100million in Notes!  

From one of our Private Investors: These guys are very local and well trusted.  Broker has been around a while and stakes his family reputation on his business performance.  In the past year, my husband and I have used him for investment opportunities and appreciate working with him and his get-it-all-done Sister Processor.  I am very satisfied and appreciative of Sun Pacific.”
K.M.

To all our borrowers, lenders, real estate agents, and investors, we thank you for your part in making 2019 one of the best of our 32 years!  2020 has started off with a bang, and we are looking forward to serving you with the same integrity and professionalism you have experienced from us in the past.
https://www.sunpacificmortgage.com/about-us/

Loan of the Week – Just In Time For Your Valentine!

Valentines Day

Everyone Loves Bigger & Faster Loans!

We can help make this Valentines Day better for you or your client by providing fast financing with our alternative loan programs – just as we did below: 

Loan of the Week

A mortgage broker in Brisbane, CA reached out to us for assistance with one of his clients, who was unable to obtain financing because of a few issues with his credit report. 

This client was trying to finance a business transaction using his primary residence as collateral, a reasonable solution since he had considerable equity in it.  He needed $470,000 to solve his problem. 

After examining the opportunity, we found this loan fit into our two main Hard Money qualifications of good equity/decent down payment and ability to repay the loan.  We quickly gathered the needed documentation and had his financing funded in less than 12 days!

 

If you or someone you know needs a fast loan this Valentines, or there is difficulty getting real estate financing with another lending institution, give us a call at 707-523-2099 or just reply here.  We’ll quickly let you know what we can do for you!

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