In an attempt to find a solution to the growing housing shortage, California  enacted a law at the beginning of this year that permits small residential units on single-family lots.  Hopefully, this move will provide more affordable housing in a market that is experiencing a severe lack of housing.

What will one of these…

There are several advantages of selling your house in this market and investing in a smaller residence.  The most basic and obvious reason is the financial benefit.  A smaller home means less space to maintain, less stress, and less money spent on upkeep.  It allows you to save more money toward retirement. 

The reasons…

Recently a chief economist for Fannie Mae, Douglas Duncan, told a group of financial professionals he sees no recession in sight.  His group forecasts the economy will grow by a conservative 2% this year.  But, he added, “Frankly, from a housing perspective, I think there will be a strong growth.” 

Mr. Douglas is…

With housing inventory in shorter supply, many homeowners are opting to improve their present homes instead of risking selling and not finding a suitable replacement.  That’s where Sun Pacific Mortgage…

According to the most respected real estate prognosticators, California remains one of the safest places to invest your money in 2017.   Several Western urban markets are still “red hot’, and 5 of them are in California.  Realtor.com has predicted that some cities will see sales growth as high as 5-6%. …

Recently it has become increasingly clear that private equity is an attractive option for pension funds. Because the ultimate question in any investment decision, big or small, is the return on money, Investors are turning to private equity funds to bolster their portfolios. 

After the lean years that followed the 2008-2009…

As a real estate agent you need to know the products out there for the buyer.  I mean loan products.  Everyone and anyone could buy a home during the heyday!  Now there are really only a few loan programs: 

#1 - The government regulated (Fannie Mae/Freddie Mac, FHA, VA)

#2 - The In-House loans (credit unions and local banks)

#3 - Lastly “Hard Money” 

The government regulated loans such as FHA are regulated – pretty heavily.  The banks and underwriters are worried…

Refinance Using Hard Money

You have loanable equity in your property, whether it’s residential, commercial or land, and want to borrow against it.  Loanable equity means the amount you can borrow that exceeds what you already…

Hard Money Loan of the Month

Two weeks ago a borrower called needing a loan to buy a new Rental Property in Sea Ranch, California as part of a 1031 exchange.  Her current Lender was unable to perform with the speed that was needed to satisfy the 1031 exchange and the Seller’s…

If you have good equity in your home, you can potentially refinance.  Below are the top 5 reasons one would refinance using hard money, also known as alternative financing: 

 …

There was a really good article in the Wall Street Journal about Hard Money loans some time back.  It was informational to borrowers and investors alike.  It spoke of the fact that Hard Money loans account for around 2% of…

We Fund These Types of Loans, We Cannot Lie

We are the Lender of last resort if your Buyer or Borrower has been turned down by their favorite bank, savings & loan, mortgage broker or mortgage banker.  We loan up to 75% of the value of the property and in some…

I have heard numerous stories from my past borrowers where they were told how acquiring a home loan would be an unending, agonizing and complicated process. And that on top of this, one minuscule credit problem was going to end their journey to getting their dream home.

This is not the case if you find the right Lender. Getting a loan for the home you desire can prove to be…

What are Hard Money Loans and How Do They Work?

If you’re not familiar with Hard Money Loans, you may be asking yourself what they are, and what makes them different from traditional loans? If you have had trouble getting a loan through your bank or other traditional lending options due to bad credit, a past bankruptcy, or other troubles, it may be time to start looking for alternative finance solutions.

This is where Hard…

The purpose of this article is to encourage investors to continue to make these loans, in spite of the rumors that exist surrounding them.

I will start off this article the same as the beginning of Part 1, by saying that I will always offer loans to homeowners that are owner occupants. It is an important segment of lending and a heck of a niche for my office. I…

Ways To Improve Your Home For Under $1,000

There are many benefits to owning a home.  Increasing equity and the ability to make improvements or changes to the house are homeowner benefits I will discuss here.

Having worked in the real estate and mortgage industry for almost…

With Real Estate prices rebounding in California, it’s surprising to see banks still being cautious and lean only toward wealthier, lower-risk borrowers. This has left a widening gap in the mortgage industry between Lenders and potential Borrowers with less than perfect qualifications.  Mortgages in the U.S. last year totaled about 1.6 trillion, according to the…

Hard Money Provides...

- A Quick Close

- Multiple Options

-Shorter Term Loan

-Makes an impossible deal…