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A Denied Loan Making You Furious?!

A Denied Loan Making You Furious

No need to get furious because of a denied loan. Get loan approval and fast financing using our Hard Money loan programs!

A Real Estate Agent reached out to us in hopes of saving his Buyer’s purchase.  At the last moment the Lender was unable to get final Underwriter approval and Escrow was supposed to close in less than 2 weeks.

We got right to work and had approval for a short-term refinance on the Buyer’s investment property in Santa Clara for $770,000.  This gave the Buyer enough cash to close Escrow on time and purchase the new property he was hoping to get!

Call today (707) 523-2099 with any questions or scenarios you have. We are here to help get that loan approved and funded!

What’s New in Home Design for 2019?

What’s New In Home Design For 2019

A recent article based on the remodeling and design platform, Houzz, forecast some trends to look for in the coming year.  With HGTV shows continuing to capture our imaginations and wallets, we might want to know that we are in step with the design world.

Here are some examples of the forecasted changes:

  • Full-height backsplashes extending all the way to the ceiling behind open shelving and range hoods is one of the newer concepts being adopted in kitchen design.
  • Although Living Coral was chosen to be Pantone’s color of the year, the experts see moodier colors, like navy and forest green, as the shade of choice for homeowners.  People are becoming more comfortable experimenting with rich or darker colors.
  • Open spa-like bathrooms are making up 80% of the remodels according to Houzz.  Soaking tubs was the most popular option even if it meant stealing space from the closet or bedroom.
  • Moving from white to black kitchens is another popular choice for 2019.  White kitchens have made it difficult to keep clean if you have children and/or dogs, so remodelers are opting for the “tuxedo” kitchen with contrasting black cabinets and white walls.
  • Free-standing padded dining benches have replaced the built-in, more expensive benches of the past.  These new benches can provide flexible seating and hidden storage.
  • A four-wall accent color is replacing the bold-colored feature wall.  It even includes the trim and molding. This trend seems to be happening in smaller rooms, like a bedroom, study or media room.

These six examples of home remodeling choices are some of the possible options you may want to experiment with in the new year.  If you need funds to finance your DIY efforts, and if you do not qualify for a conventional loan, Sun Pacific Mortgage is here with a Hard Money loan to support your artistic endeavors.

 

Super Agents of Hard Money!

Super Agents Of Hard Money

“Awesome on every level!  Very professional.  Able to secure the perfect loan for my situation.  I highly recommend Sun Pacific Mortgage & Real Estate to anyone needing a hard money loan!  If there were ten stars available to rate with, I would give Sun Pacific all ten!  Thanks guys!!” Borrower J.G.

 

RECENTLY FUNDED WITH HARD MONEY

We Finance Despite Credit Issues, Property Condition &

Difficult-To-Prove-Income. And we offer FAST Financing.

$500,000 – Business Purpose Refinance
Mill Valley, Marin County
64% Loan to value
14 Days to Fund

$525,000 – Temporary Refinance
Escondido, San Diego County
69% Loan to value
10 Days to Fund

$300,000 – Temporary Purchase
Santa Rosa, Sonoma County
75% Loan to value
15 Days to Fund

$550,000 – Non-Owner Business Purpose Refinance
Los Angeles, LA County
40% Loan to value
15 Days to Fund

 

Call today at 707-523-2099 or email us back with any questions or scenarios.  We can be the super lenders you and your clients are looking for!

Here’s To A Great 2019!

New Years Promo 1A

Happy New Year!

“Out with the old and in with the new” is a common mantra for the new year. Our 2019 mantra to you is: “Out with the slow loan approval and in with faster & bigger loan approvals!”

Kick off 2019 with a Hard Money loan:

  • Many approved and funded in just 1 week.
  • Jumbo loans financed.
  • All FICO scores considered.
  • Property Condition not an issue.
  • Difficult-to-prove income/Self-Employed ok.

Call today at 707-523-2099 with any questions or scenarios.  We look forward to helping you kick off this New Year the fastest way possible!

Are We Looking at a Change In California Real Estate?

Are We Looking At A Change Ca Real Estate

When we review the real estate market over the past couple of months, more than a quarter of listed homes has had a price drop according to Redfin.  Additionally, the supply of homes has increased for the first time in three years according to the National Association of Realtors. There has been a market shift, especially in California.  

Median home prices remain in the higher ranges for the time being, though. Even in Silicon Valley inventory is increasing and sales are slowing.  Where a seller could expect 15-20 offers, the odds are that it will take longer to sell today, and the seller might receive only four to five offers.  

Another issue influencing the real estate market in California has been the lack of single-family construction.  There have been recent gains though in this arena with new construction increasing 16% over last year.

All these factors mentioned above bode well for Buyers in today’s market: You may not need to scramble as much to obtain your dream home, but on the other hand, you may not be able to sell your present home as quickly.  That’s where a Bridge Loan from Sun Pacific Mortgage comes to the rescue!

Bridge loans allow you to purchase your new home before selling the present one, and this is just one of the many lending programs you will find that we offer.  

So, give us a call at 707-523-2099 and see what we can do for you in this ever-changing world of real estate.

Selling Your Home in Today’s Market

Selling Home In Todays Market

It is never a fun adventure to sell your home, especially while you’re still living in it.  And in today’s market, where multiple offers are not the norm they once were, it is even more important to observe some basic rules.

Keep your home pristine!  Not just “picked up”, but sparkly clean.  It should look like a model home where no one lives.  I know this is well-nigh impossible, especially with kids in the house, but it’s worth some effort.

Pay attention to your yard.  There should be no leaves, no weeds, and no spider webs in the corner of the porch or patio.  Spruce it up with some colorful plantings, even in the winter.

Leave when you have showings.  That means pack up the kids and pets and just drive around, if that is what it takes to clear out of the house.  There are legitimately people who are allergic to or fearful of dogs or cats and may not even enter the property if they are present, so it is important to take them with you.  Otherwise, you may lose a potential buyer!

You may get a ridiculous offer.  Don’t be tempted to give away the farm to clinch the deal.  Remember you’re just selling your house. Be open to negotiating, but don’t allow desperation to cloud your judgement.

These ideas are meant to make selling your home an easier process, one as painless and as fast as possible while still getting the most money for your house.

If you are not working with a licensed Realtor, contact one from a local real estate company.  And if you are considering buying another home in California, then contact a licensed and experienced Lender who can help you take advantage of any existing home equity to purchase another home prior to selling your current house.  This could be beneficial to you and your family.

Good luck to you!

No Loan Fumbles With Hard Money!

No Loan Fumbles With Hard Money!

You will never fumble if you take advantage of our Hard Money programs!

There are very few Hard Money companies that do Owner Occupied, both Business and Consumer Purpose loans, but we do. The distinction between these programs is based on Federal and State guidelines. We provide 2 different programs for business purpose and consumer purpose loans on Owner Occupied properties: A 12-month short term or a 15-year long term.  The short term is for Borrowers who have an exit strategy within the 12-month term and long term if there is no such strategy.  See below for examples such of loans recently funded through our office.

Let us help make a touchdown for you and your borrower with fast loan approval, for those loans that might be fumbling!  Call us at (707) 523-2099 with your questions and scenarios.

 

Recently Funded – 18 Days Average To Completion

We Finance Single Family Houses, Condos, Principal Residences

+ Multi-Family Units, Commercial & Office

$540,000 – Santa Rosa, Sonoma County
70% Loan to value
Refinance Consumer Purpose

$2,541,000 – Oceanside, San Diego County
64% Loan to value
Refinance Business Purpose

$1,750,000 – Saint Helena, Napa County
63% Loan to value
Refinance Business Purpose

$341,000 – Cazadero, Sonoma County
55% Loan to value
Refinance Consumer Purpose

Loan Approval: Touchdown!

Recently Funded Hard Money Bridge Loan

With our many loan programs, we can help get that loan approved and score a touchdown for your team!  One of our most popular loan programs is the Bridge Loan. Here are the benefits of getting this type of financing with us:

  • Accessing equity in one house to purchase another, bridging the gap between the sale of one property and the acquisition of another.
  • Having an offer accepted without any contingencies.
  • We look at equity, not credit worthiness.
  • We welcome short- term loans.
  • These are exempt from the “ability to repay” rule.

Recently Funded Hard Money Bridge Loan

Recently, a local Mortgage Broker reached out to us for one of his past borrowers, who was having difficulty proving his income.  The Broker was finding it impossible to secure a loan from his usual sources.

His Buyer wanted to pull cash out of his current home’s equity, as a down payment on another house he wanted to purchase. He needed a loan of $540,000, which we had no problem getting approved.  Within a few weeks, we scored the touchdown for both this Broker and his Buyer!

You can score high points with Buyers & Sellers too, by taking advantage of our Hard Money loan programs.  Call us at 707-523-2099, to find out how we can get that loan approved and a touchdown for you, too!

Where Is The Real Estate Market Headed?

Where Is The Real Estate Market Headed

What’s one to believe about the real estate market today?  There are so many conflicting headlines that even the savviest investor is confused.  Let’s look at some hard statistics which may enable us to come to our own rational conclusions:

We know home prices have appreciated year-over-year for the past 76 straight months.  Does this mean we are on the edge of another housing bubble? Not if the lack of homes for sale persists.  Demand is strong as many renters have experienced when they start to look for their dream home. There hasn’t been the stabilizing 6-month backlog of housing inventory in over 5 years, which has kept prices up while inventory has been down.

What about pricing and appreciation?  Certainly, home prices have appreciated over the last 76 months, driven mainly by supply and demand.  This has affected the starter-home market more than any other because of the increased competition for these homes. Senior Economist, Aaron Terrazas wrote on Zillow that “home values are still expected to appreciate at double their historic rate over the next 12 months”.  This wouldn’t appear to herald a real estate crash any time soon.  

Those who have been in real estate for as long as we have can all agree on the fact that real estate ebbs & flows.  Keeping abreast of the market in your area is what is important, so you can decide if the price is right to buy now or if you make an offer slightly under asking to still get an accepted offer.  What about listing your home and for what price? These are questions to be posed to licensed and experienced Realtors who know the market and have your best interests in mind.

Here’s to making the real estate market work for you!

To read full article:  https://www.keepingcurrentmatters.com/2018/08/29/top-3-myths-about-todays-real-estate-market/

Recently Funded Fast – Guardians

Guardians Of Fast Hard Money!Guardians of FAST Hard Money!

Why are we considered the true guardians of getting Hard Money loans done FAST?  Maybe it’s because we can complete these loans with an 18 day average and have been doing it for 30 years!

One of our most popular programs is the Bridge Loan – for purchases and refinances.  With this loan you can close or fund quickly, because the requirements are fewer than with other loans. The primary concern is equity, which must be 70% to secure the loan.

See below for recently funded Bridge loans through our office.  And call (707) 523-2099 and let us be the guardians of your loan scenario, so it gets approved fast!

Recently Funded Bridge Loans – All Completed In 1- 3 Weeks!

We Finance Single Family Houses, Condos, Principal Residences

+ Multi-Family Units, Commercial & Office

$540,000 – Santa Rosa, Sonoma County
70% Loan to value
Needed our help as had a very short close date.

$559,000 – Santee, San Diego County
70% Loan to value
Needed our help due to FICO issues.

$514,000 – Santa Rosa, Sonoma County
65% Loan to value
Needed our help due to difficult-to-prove income.

$650,000 – West Hills, Los Angeles County
65% Loan to value
Needed our help due to property condition.

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