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It Is That Time of Year in Real Estate To Have Alternative Financing Readily Available
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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
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.com. BRE license #01464899/NMLS #360993
Alternative Financing for 2015!
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Superhero Hard Money Lender Saves The Day Again
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Get a Head Start on the Holidays with Hard Money
(Click or tap here to view the video)
Mortgage Rates – Its How You View The Outcome
As you have seen, the housing market values are only going up. Despite news about rates increasing, the interest rates are still within the range of 50 year lows! The bottom in home prices and interest rates has passed. Waiting no longer makes sense.
I have saved the bacon for agents and conventional lenders on multiple transactions this year, closing many of them in a week. I have also helped many, many individuals (and families) over the years consolidate their debts or get a loan against their existing equity for use over the Holidays. It is always a nice feeling to have extra cash over the Holidays either to make it less stressful or to be able to give more. If turned down elsewhere, I most likely can help if they have a decent down payment or other equity to work with.
Basically considered “all cash”, such loans are extra strong and can be used to purchase or refinance dump property, bad credit
borrower, irregular income borrower, large cash out borrower, Bridge loans, etc.
Some timely articles make good mention on the value of homeownership:
Fannie Mae “Homes have accounted for 23.5% of American’s wealth on average since 1959. That’s nearly double the proportion U.S. households and nonprofits have invested in stocks.”
Wall Street Journal “A measure of owners’ equity as a share of the value of real-estate holdings hit 53.6% in the second quarter, up from 53.2% in the first quarter and below 50% a year earlier. For most Americans, a home is their biggest asset, so the growing level of home equity suggests improvements in the economy are now reaching more Americans.”
If rents go up in the next 30 years at the same rate they did over the prior 30 years then someone renting today for $1,600 will be paying $4,496 in 30 years. Why rent when you could buy?
Don’t be 30 years older, paying an outrageous rent and no accumulated wealth because you paid your landlords mortgage for all that time. An increase in rates will obviously impact each home owner’s monthly mortgage payment so if you wait, you will end up just having to pay more!
Whether you get a hard money loan to purchase your home now or you get a bank loan, it has the same outcome: Home ownership is not only desirable, it is the correct financial decision to make right now.
Best,
Forest
Approval is based on just 2 criteria:
1. Good Down Payment or Decent Equity
2. Ability to Repay
• FAST private money purchase financing throughout California.
• Owner Occupied, Investor financing, Commercial and some Land Financing
• FICO is not a factor.
• Up to 75% loan to value, Case by case basis.
• Loan amounts starting at $100,000.
• Lower rates with Good Compensating Factors, Case by case basis.
• Fast refinancing.
SPECIAL NOTE: WE CAN DO A LOAN FOR SOMEONE FRESH OUT OF FORECLOSURE, BANKRUPTCY OR SHORT SALE!
CALL FOREST, The Guy In The White Hat at (707) 523-2099
Or email him at forest@sunpacmortgage.com
See our website at: www.sunpacmortgage.com
Hard Money Lender Serving Sonoma county since 1988!
800 Mendocino Ave. Ste 2
Santa Rosa, CA 95401
(707) 523-2099
www.sunpacmortgage.com
CA BRE Broker – California Bureau of Real Estate Broker. Corporate License # 01464899.
NMLS – Nationwide Mortgage Licensing (Registry) System. Office NMLS # 360993
Hard Money Loans Rescue Home Buyers & Home Owners
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Private Mortgage Investing Is Ripe – Especially With Us!
What a great time to be a Hard Money Investor, property values are just continuing to go up. Since 2012 private money loan borrowers has only been increasing as it’s the only game in town after B of A and Wells Fargo tell the Borrower “no”. Borrowers who have poor credit or difficult-to-prove income due to being self employed but have a decent down payment or existing equity know that they can most likely get a loan from us, despite being turned down elsewhere.
Anyone with money can invest and become a Private Mortgage Investor. It’s easier than you would think.
As the Broker of Sun Pacific Mortgage & Real Estate, I have dealt with Private Investors for over 25 years and we have become known for our integrity and honesty. Numerous friendships have been formed not only with Investors but with our Borrowers, due to the smoothness and honesty of service to both.
Becoming a Private Investor can earn you upwards of 13% in return by investing in mortgages. And by investing in real estate mortgages your investment is secured. Investing in mortgages isn’t only buying or selling of mortgages at a discount. It includes directly lending your hard money to individuals and securing that loan with a mortgage against their real estate.
I promote purchase loans as well as refinance loans and these can be at any LTV up to 75%. Right now the predominant offerings are purchase loans with 30% down. These loans should be made as the security is at its lowest valuation in years and the Buyer is putting 30% down. With that down payment, there is plenty of protective equity. Further, with that down payment the homeowner is not likely to walk away from the property.
As a Private Investor you can set the yield on the promissory note with the interest rate, points and prepayment penalties. Many individuals have started or are continuing as a Private Mortgager Investor as they can secure a consistent monthly income from it. It can be an excellent cash flow for someone retired or looking to set up their retirement funds.
For example, a private investment recently done for an individual to buy a home came to $196,000 with a rate of 12% and the Investor gets a monthly return of $1,960. Homeowner is very happy and intends to refinance down the line for lower rate but gets the home they’ve been searching for!
A Private Mortgage Investor is also known as:
- Private Mortgage Lender
- Hard Money Investor
- Hard Money Lender
These are all private individuals lending their money directly to the borrower with a promissory note with interest rates, points and prepayment penalties the investor sets, and securing that promissory note with a real estate mortgage.
Private Mortgage Investing is ripe. Time to jump on the bandwagon with Sun Pacific Mortgage & Real Estate and get a good taste!
If you are interested in investing with us then Call Our Office at (707) 523-2099 and ask to speak to me, FOREST – The Guy in the White Hat!
Hard Money Rescues Turned Down Loans
Check out our most recent Hard Money video here:
Hard Money Rescues Turned Down Loans
If you feel like your loan application is drowning, soon to “die” by getting
turned down, then you need to watch this video of how I can rescue such a loan.
Real Estate loans can be hard to get for some with poorer credit, who are self
employed, had a recent foreclosure or bankruptcy. Or, you may just need a fast
loan and can’t find an “A” paper Lender who can fund fast.
This sounds like your loan request needs to be rescued, so call me, Forest – The
Guy in the White Hat! (707) 523-2099.
I can help with those drowning loans! For well over 25 years I have been
specializing in loans to Borrowers who have been “Turned Down Elsewhere” as well
as offering all other types of loans. For the last 4 or 5 years I have only
done Hard Money Loans. Recently, about 70% of the loans I have funded I had to
rescue from “A” paper lenders as they were declined for whatever reason.
There are really just 2 requirements for a Hard Money Loan: #1 You have to have
a pretty good down payment for a purchase or equity if a refinance and #2 The
ability to repay the loan.
Call me! Hope to be able to help you soon!
Best,
Forest
P.S. – We love referrals!
Loan approval is based on just 2 criteria:
1. Good Down Payment or Decent Equity
2. Ability to Repay
• Owner Occupied, Investor financing, Commercial and some Land Financing
• FAST private money purchase financing Sonoma County & Northern California.
• FICO is not a factor.
• Up to 80% loan to value, Case by case basis.
• Loan amounts from $75k – $1mil+
• Lower rates with Good Compensating Factors, Case by case basis.
• Fast refinancing.
CALL FOREST, The Guy In The White Hat at (707) 523-2099;
Or email him at forest@sunpacmortgage.com
See our website at: www.sunpacmortgage.com
CA BRE Broker – California Bureau of Real Estate Broker. Corporate License # 01464899.
NMLS – Nationwide Mortgage Licensing (Registry) System. Office NMLS # 360993
*APR based on loan amount of $130,000 is 9.469%.
Hard Money Loan Saver
Check out our most recent Hard Money video here:
Hard Money More Attractive than Ever
Hello,
My last blog was the Federal and California report and forecast.
I live and operate in Sonoma County so that is the first region I’ll explore. I would guess that about 33% of the loans I write are in Sonoma County. That’s a disproportionate amount considering I lend in the top half of the state, from Salinas to the Oregon border and east to Nevada.
Lots of good news to report for Sonoma County. There was an Economic Development Board report in April 2014 that demonstrated Sonoma County business activity beats the U.S. average as a whole in expenditures for growth and customer demand. The trend is upward for commercial-sector confidence.
Another report from March 18, 2014 stated that Sonoma County’s economy is poised to further recover through 2015, bolstered by national growth that will spur gains in tourism and the wine industry, while additional support comes from, among other things, a stronger housing market.
In the Sonoma County real estate market, as in a lot of the counties in the Bay area, prices are being driven up sharply by the lack of inventory. This is good news if you are already into a home, but could make it difficult if you are looking to buy, either as your first purchase or trading up. You should keep in mind that using Hard Money in this market may make your offer more attractive to a Seller – and their agent, as in many instances it is deemed the same as cash.
So that’s the report on Sonoma County. And if you are trying to buy, persist. Home ownership is still the best financial investment you can make at any time in your life.
Best,
Forest
P.S. – We love referrals!
Loan approval is based on just 2 criteria:
1. Good Down Payment or Decent Equity
2. Ability to Repay
• Owner Occupied, Investor financing, Commercial and some Land Financing
• FAST private money purchase financing Sonoma County & Northern California.
• FICO is not a factor.
• Up to 80% loan to value, Case by case basis.
• Loan amounts from $75k – $1mil+
• Lower rates with Good Compensating Factors, Case by case basis.
• Fast refinancing.
CALL FOREST, The Guy In The White Hat at (707) 523-2099;
Or email him at forest@sunpacmortgage.com
See our website at: www.sunpacmortgage.com
CA BRE Broker – California Bureau of Real Estate Broker. Corporate License # 01464899.
NMLS – Nationwide Mortgage Licensing (Registry) System. Office NMLS # 360993
*APR based on loan amount of $130,000 is 9.469%.