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How To Bridge The Distance Right!

How To Bridge The Distance Right!Bridge The Distance with Private Money

Do you or someone you know want to consolidate debt?  How about upgrade your house, purchase a rental for additional income, get your kid set up for college, etc.?

Then you may just want to take advantage of our FAST Private Money loan programs!

We can help bridge the distance between the problem and the solution – like we did for the Borrower below:

Loan of the Week

Program: Owner-Occupied Temporary Loan
Loan Size: $735k
Days to Fund: 11 days
Location: Orange County
Reason Came To Us: Borrower was turned down by two other conventional lenders because of her debt-to-income ratios.  She was already in contract to buy a property but now had no financing.  This Borrower wanted to access the equity in her current home, to purchase an investment property that would offer her great return each month.  She needed a fast solution to her problem which is where we came in to bridge the distance and get her loan done.  Funded fast, both Buyer and Agent were grateful for our program!

Private Money can be a new beginning for anyone trying to purchase a home, a new investment, or to pull additional cash out of their existing equity. If your Buyer gets turned down, call us at 707-523-2099 or visit our website at www.sunpacificmortgage.com and we’ll quickly respond with what we can do to bridge the distance to get that loan done!

What Factors Today are Having the Biggest Effect on Housing?

What Factors Today Are Having The Biggest Effect On Housing?

Some might consider interest rates to have the most influence on the housing market, but that is only one factor in a confluence of factors including: local economic conditions, financial markets, housing affordability, consumer confidence, inflation, migration, the pandemic, war, debt, and government policies. Each of these conditions can have major market impacts, both positive and negative.

In Sonoma County the market remained overheated for all of Q1 with home-price appreciation and supply-and-demand leading the pack. With mortgage rates rising at the beginning of Q2, the outlook is difficult to predict. Low inventory will continue to have an influence on pricing, but to what extent is still unclear. In the past, Q2 has typically been the highest demand and most active selling season of the year.

In Q1 2022, the median home price was $820,000. This statistic is a generalization which indicates that half of the homes sold closed below this figure and half sold for more than this amount. The median days on the market for Q1 2022 ranged from a high of 95 days (Brokerwood) to a low of 22 days (Cotati).

Looking at the number of active listings over the past 6 years for the month of March would be a good indicator of how volatile the market has been:

  • March 2017: 515
  • March 2018: 528
  • March 2019: 761
  • March 2020: 800
  • March 2021: 554
  • March 2022: 360

Regardless of all the extenuating circumstances affecting the real estate market in Sonoma County, experts say we should only see a slight slow-down in appreciation and activity because Buyers are still looking to live in an area where they can have more for less when compared to other neighboring regions.

If you are hoping to buy anywhere in California soon, but are finding the tighter lending restrictions unforgiving, give Sun Pacific Mortgage a call at 707-523-2099 to discuss our Private Money loan programs or visit our website at www.sunpacificmortgage.com. These loans are specifically tailored to those who can’t qualify for conventional loans or who need a fast closing whether purchasing and refinancing.

Want To Get A Refinance Done?

Hold Onto That LoanHold Onto That Loan With Private Money

If you or someone you know are having a tough time getting that refinance or purchase loan done, give us a chance to help you hold onto that loan using our trusted Private Money programs – like we did below:

Recently Funded

9164Fca947Dad92045F690C60F4Cfb8B If You Or Someone You Know Are Having A Tough Time Getting That Refinance Or Purchase Loan Done, Give Us A Chance To Help You Hold Onto That Loan Using Our Trusted Private Money Programs - Like We Did Below:

We have helped many Borrowers get their loan done and funded fast!  If you or someone you know are having a tough time getting needed real estate financing – give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com.  We’ll let you know quickly how we can help you hold onto that refinance or purchase loan!

California Home Prices Got Pricier During 2021

Why Now California Housing Market Featured The Real Estate Market In California Mirrored The Rest Of The Country In 2021. Home Prices Increased By Double Digits In The More Affordable Areas, Such As Sacramento And Riverside. The San Francisco Bay Area Had More Modest Increases, Due In Part To Buyers Being Anxious To Relocate To More Affordable, Suburban Areas. The San Francisco Housing Market Saw The Typical Home Value Increase By Only 9.3% Compared To The Statewide Increase Of 20%.The real estate market in California mirrored the rest of the country in 2021. Home prices increased by double digits in the more affordable areas, such as Sacramento and Riverside. The San Francisco Bay area had more modest increases, due in part to Buyers being anxious to relocate to more affordable, suburban areas. The San Francisco housing market saw the typical home value increase by only 9.3% compared to the statewide increase of 20%.

Overall, home prices in the state far outpaced the national median price. In October, the median sale price of a single-family home in California was $798,440, up 12.3% from last year. This new price was double that of the national median average of $353,900.

Oakland saw the biggest increase in demand. Alameda County, which includes Oakland and Berkeley, saw a 24% increase to $1.05M. in November. The move-in ready homes with work-from-home space and backyards often saw 12 or more offers.

Sacramento was one of the most sought-after destinations for Buyers who looked for more space and affordable prices. A single-family home’s median price rose 22.3% from 2021. This area tends to have bigger and newer homes compared to the coastal cities to the west.

In November 2021, Los Angeles saw their median home price rise from $730,000 to $810,000. The luxury market in Southern California near Montecito shot up 43% to $6.46M over the previous year.

Inventory remains low throughout California and anything that comes on the market tends to be snatched up quickly by Buyers afraid of losing out on finding a home.

So, what’s in store for California in 2022? According to most experts, home prices will grow half as fast as they did in 2021. With construction still lagging in the state, don’t look for housing demand to lessen. Availability will remain a negative factor for the foreseeable future.

If you need help getting a mortgage quickly to snag your dream home in California, give Sun Pacific Mortgage a call at 707-523-2099 or email us through our website at www.Sunpacificmortgage.com   We offer fast, Private Investor mortgages that will give you a leg-up in today’s competitive market.

This Quick Draw Duo Wrangle In Loans!

This Quick Draw Duo Wrangle In Loans!We Wrangle In Those Loans Turned Down Elsewhere!

We have two main qualifications:

  1. At least 25% down payment or good existing equity and
  2. An ability to repay the loan.

Loan of the Week

Program: Investment Property Financing
Loan Size: $1,020,000
Days to Fund: 13 days
Location: El Dorado County
Reason Came To Us: We were contacted by an Agent who’s client was in need of a $760,000 loan for a home, but due to poor credit after a difficult divorce and high debt-to-income ratio, he wasn’t qualifying for a conventional loan.  This is where our Quick-Draw Duo wrangled in that loan and within just a few days, the relieved client had a completed loan through our family company!

This Quick Draw Due is at your service.  We won’t hesitate to help if we can, visit our website at www.sunpacificmortgage.com or call 707-523-2099.   We work with Real Estate Agents, Mortgage Brokers, Lenders and individual Borrowers too.

This Quick Private Money duo is at your service

Zillow Predicts the Wildest Home Price Swing Coming

Zillow Predicts The Wildest Home Price Swing Coming

Buyers are depleted, stretched, and disheartened after bidding often over the past year and falling short. Over the past 12 months U.S. home prices are up 18.8% – an increase larger than any 12-month period leading up to 2008.

Unfortunately for Homebuyers, but good news for Real Estate Investors and Homeowners, Zillow’s latest forecast has the year-over-year rate of increase in property values at 22% followed by only a subtle slowdown. By February 2023, Zillow forecasts that the rate of increase will be 17.8%. Not good news for those Buyers desperate to find affordable housing.

As Buyers are getting locked out of mortgages due to increased rates and the Private Money mortgage Lenders are becoming increasingly important to Borrowers. In California, where the housing crisis is at its worst, Sun Pacific Mortgage has seen business double in the past 12 months, largely because we offer – FAST, cash-like mortgage solutions to beleaguered Borrowers. Unable to compete with wealthy Real Estate Investors snatching up properties, Private mortgages give the “little guy” a chance to win in the David vs. Goliath war being waged.

Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com to see what we can do to make your offer stand out in the crowd. We have been helping thousands of Californians just like you for over 34 years.

Charging In Faster – For You!

Trust These Private Money Lenders For Fast FinancingTrust These Private Money Lenders For Fast Financing

For over 3 decades now we continue to offer our trusted, fast alternative mortgage financing for both real estate purchase and refinances.  Let us help you or someone you know by providing a FAST loan approval with one of our Private Money programs just like we did for these individuals below:

Screen Shot 2022 04 04 At 10.14.44 Pm For Over 3 Decades Now We Continue To Offer Our Trusted, Fast Alternative Mortgage Financing For Both Real Estate Purchase And Refinances.  Let Us Help You Or Someone You Know By Providing A Fast Loan Approval With One Of Our Private Money Programs Just Like We Did For These Individuals Below:

If you or someone you know needs a FAST loan or just falls short of qualifying for conventional financing, our direct Private Money programs could be the solution!  If you have any questions or a particular scenario, then give the best Private Money Duo a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com.

Should Inflation Stop You from Buying a Home in 2022?

Should Inflation Stop You From Buying A Home In 2022A high inflation rate means prices rise across the board so it is reasonable for someone to say “Yes”, but while home prices aren’t an exception, this should not be the reason keeping you from buying a home in 2022. We are aware of the appreciation that has occurred in the real estate market for the past couple of years, and the experts say we can expect that increase to continue in 2022, though maybe not as dramatically.

In this period of record-breaking, rising consumer costs, homeownership offers the one fixed overhead expense you can rely on with a fixed mortgage. As James Royal, Senior Wealth Management Reporter at Bankrate stated:

“Sure, property taxes will rise, and other expenses may creep up, but your monthly housing payment remains the same.”

With rent control going away, renters are in an even more precarious position. Ali Wolf, Chief Economist at Zonda, explains:

“You want to think through where you can put your money, so it does not lose value. Housing is commonly looked at as a good inflation hedge…”

Even if you cannot qualify for a conventional mortgage through the normal channels of banks and other lending institutions, there is still the private mortgage lending arena to consider. Sun Pacific Mortgage offers private money mortgages to Borrowers and Buyers who otherwise might not be able to qualify for a loan. Whether your FICA score is too low, or your property doesn’t meet the federal requirements, or you need to close in under a month, give us a call at 707-523-2099.  You can also reach out through our website at www.Sunpacificmortgage.com.  We have helped thousands of other Borrowers and Buyers just like you over the past 34 years we have been in business in California.

Get Ahead Now – Loan of the Week!

Get Ahead Of The Herd With Private MoneyGet Ahead Of The Herd With Private Money

Need to pull equity out of your home? How about a quick refinance? Get you or someone you know ahead of the herd with our Direct Lending Programs!

Loan of the Week

Homebuyer in Contra Costa county came to us as they were turned down elsewhere due to debt-to-income ratio being too high.  They were looking for some fast refinancing of a $1,300,000 loan amount.  We had no problem with this and quickly gathered the needed items, got fast loan approval and the transaction completed within 11 days!

Visit our website at www.sunpacificmortgage.com or give us a call at 707-523-2099 with any questions or scenarios and we’ll quickly respond with how we can help you or someone you know, get ahead of the herd.

Real Estate Voted Best Investment Eight Years in a Row

Real Estate Voted Best Investment Eight Years In A Row

Despite the present inflationary economic state that the country is wrestling with today, most Americans agree that Real Estate shines as the most secure place to protect your wealth.

Inflation has reached its highest level in 40 years. We have all painfully experienced the increases in goods, services, housing costs, and more. The only one of these items that can have a locked-in price is housing because your monthly payment is shielded from escalation. James Royal, Senior Wealth Management Reporter at Bankrate, explained it like this:

“A fixed-rate mortgage allows you to maintain the biggest portion of housing expenses at the same payment. Sure, property taxes will rise, and other expenses may creep up, but your monthly housing payment remains the same.”

Home ownership eliminates the dread that today’s renters are suffering because of huge jumps in rents. Various cities in the country have seen increases as much as 50%!

As a homeowner, you have seen the record-breaking increases in appreciation just over the past couple of years. As prices rise, so does the value of your home, making buying a home a great hedge during periods of inflation.

In short, when you lock in a mortgage payment, you shield your housing cost from increases, and you own an asset that typically gains value with time.

If you have found it impossible to obtain a conventional mortgage, give Sun Pacific Mortgage a call at 707-523-2099 or visit www.sunpacificmortgage.com. We have been serving Borrowers in California for over 34 years. Whether it is your own home, an investment property, or land, we offer firsts, seconds, bridges, and refinances. And on top of that, we’re really fast (sometimes we get a loan completed in as little as 1 week)!

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