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Sun Pacific Mortgage & RE Blog

By: Forest Tardibuono

By Lynn Tardibuono | Agent in Santa Rosa, CA
  • Private Money OR Regular Loans - It IS Time To Buy.

    Posted Under: Market Conditions in Sonoma County, Home Buying in Sonoma County, Financing in Sonoma County  |  August 15, 2014 11:41 AM  |  20 views  |  1 comment

    This infographic from The KCM is what I try to tell any potential home buyer or RE Investor: now IS the time to buy if you can figure out how!

     

    Whether by Private Money loan (if have poor credit but decent down payment or to make a stronger offer as virtually all cash) or just getting a conventional loan, it is the best time to buy as shown in this infographic.

    I know there's a lack of inventory and increased demand but this is slowing down a bit with more houses coming on the market in Sonoma County.

    I urge anyone who has been thinking about buying to stop thinking and start doing.  Get with your favorite local Lender and Realtor and get going on buying that home - now.


    Best, Lynn

    Co-Owner/Realtor/Private Money Lender

    Sun Pacific Mortgage & Real Estate

    www.Sunpacmortgage.com

  • Buying a House? 4 Reasons to DO IT NOW

    Posted Under: Market Conditions in Sonoma County, Home Buying in Sonoma County, Agent2Agent in Sonoma County  |  July 31, 2014 9:39 AM  |  43 views  |  1 comment

    Right now is the time to get that new home you’ve been looking about getting. From everything I’ve been reading and seeing everything points in this direction. The interest rates are going to be higher if you wait, there are a lot of factors to look at. I’ve included a blog I read today in hopes it helps you in making your decision. I’ve been in real estate for over 26 years and can say that it’s always important when making these kinds of decisions to have all the information. Good luck to you!

    Lynn Tardibuono is Co-Owner/ Realtor® and Flipper Chick of Sun Pacific Mortgage and Real Estate, family owned and run since 1988 in Northern CA. P.S. We love referrals! www.sunpacmortgage.com.  BRE license #01464899/NMLS #360993 

    Buying a House? 4 Reasons to DO IT NOW
    By: KCM Crew Jul 2014

    http://www.keepingcurrentmatters.com/2014/07/28/buying-a-house-4-reasons-to-do-it-now/?utm_source=feedburner&utm_medium=email&utm_campaign=Blog_Promo

    Here are four great reasons to consider buying a home today, instead of waiting.

    1. Prices Will Continue to Rise

    The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects appreciation in home values over the next five years to be between 30.8% (most optimistic) and 9.4% (most pessimistic).

    The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

    2. Mortgage Interest Rates Are Projected to Increase

    Although the Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage are currently around 4.2%, Freddie Mac is projecting that rates will increase to 5.2% by this time next year.

    An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

    3. Either Way, You are Paying a Mortgage

    As a research paper from the Joint Center for Housing Studies at Harvard University explains:

    “Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

    4. It’s Time to Move On with Your Life

    The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

    But, what if they weren’t? Would you wait?

    Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe it is time to buy.

    If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

  • Home Mortgage Rates: Where are They Headed?

    Posted Under: Market Conditions in Sonoma County, Home Buying in Sonoma County, Agent2Agent in Sonoma County  |  July 18, 2014 10:32 AM  |  64 views  |  No comments

    If you’re wondering where home mortgage rates are headed the below blog from the KCM Crew gives good insight on what to expect over the next year. You can never really tell what will happen with the rates but I’d say this is a pretty good estimate.

    If you’ve been trying to get a loan and don’t qualify due to a recent bankruptcy, poor credit or something like this you should check out Hard Money loans. If you are in this scenario you can still take advantage of the low rates and purchase your dream home. I’ve been a Hard Money lender for many years helping people all over Sonoma County. Find your local Hard Money lender who can help you by searching on google.

    Forest Tardibuono is Co-Owner and CA BRE Broker known as “The Guy in the White Hat” of Sun Pacific Mortgage & Real Estate - Your Northern CA Hard Money Lender since 1988. P.S. We love referrals!  
    www.sunpacmortgage.comBRE license #01464899/NMLS #360993

    Home Mortgage Rates: Where are They Headed?
    Posted: 15 Jul 2014 04:00 AM PDT

    http://www.keepingcurrentmatters.com/2014/07/15/home-mortgage-rates-where-are-they-headed/?utm_source=feedburner&utm_medium=email&utm_campaign=Blog_Promo


    Many of our readers ask us where interest rates are headed over the next several months. While no one has a crystal ball, we did want to share what some experts are saying on the subject. 

    HSH.com

    “For now, and likely through the summer, we may see data-driven bumps and dips in rates. Although we managed a slight dip presently, a bump is in order before long.” 

    Freddie Mac

    “In the next few months, mortgage rates are likely to remain at their current, low level, but will not remain there for long. As the Federal Reserve is expected to ‘taper’ its purchases of long-term Treasuries and mortgage-backed securities, and as economic growth picks up, long-term yields will gradually rise. Fixed-rate mortgages are expected to be higher in six months, and may even approach 5 percent a year from now." 

    National Association of Realtors

    “Mortgage rates could move suddenly higher in anticipation of rate increases, much as they did last summer when refinance and transaction activity was high. Steady purchase transaction volume and lower refinance volume could mean that mortgages rates may adjust in a more gradual fashion. In either case, as the economy improves—and today’s data clearly suggests it is improving—the overall trend for mortgage rates is up, not down.” 

    Fannie Mae

    Projects the 30 year fixed mortgage rate to be 4.3% by the end of the year. 

    Mortgage Bankers Association

    Projects the 30 year fixed mortgage rate to be 4.7% by the end of the year.

  • Buying a Home: The Cost of Waiting

    Posted Under: Market Conditions in Sonoma County, Home Buying in Sonoma County, Agent2Agent in Sonoma County  |  July 2, 2014 3:38 PM  |  71 views  |  No comments

    This is a great article I found today which clearly shows the benefits of going ahead and buying now instead of waiting until later. It may help you to make that decision and go ahead and get that dream home you’ve always wanted. I’ve been in Real Estate for over 25 years and can say that the time to buy is now. It looks like the market is on the up and up from everything I’ve been reading. 

    Lynn Tardibuono is Co-Owner/ Realtor® and Flipper Chick of Sun Pacific Mortgage and Real Estate, family owned and run since 1988 in Northern CA. P.S. We love referrals! www.sunpacmortgage.com.  BRE license #01464899/NMLS #360993

     

    Buying a Home: The Cost of Waiting
    By: KCM Crew July 1, 2014

    http://www.keepingcurrentmatters.com/2014/07/01/buying-a-home-the-cost-of-waiting/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+KeepingCurrentMatters+%28Keeping+Current+Matters%29

     

    Whether you are a first time buyer or a move-up buyer, you should look at the projections housing experts are making in two major areas: home prices and mortgage rates.

    PRICES

    Over 100 economists, real estate experts and investment & market strategists were recently surveyed. They were asked to project where home prices were headed. The average value appreciation projected over the next twelve month period was approximately 4%.

     

    MORTGAGE INTEREST RATES

    In their last Economic & Housing Market Outlook, Freddie Mac predicted that 30 year fixed mortgage rates would be 4.8% by this time next year. As of last week, the Freddie Mac rate was 4.14%.

    What does this mean to you?

    If you are a first time buyer currently looking at a home priced at $250,000, this is what it could cost you on a monthly basis if you wait to buy next year:

    If you are a move-up buyer currently looking at a home priced at $500,000, this is what it could cost you on a monthly basis if you wait to buy next year:

    Bottom Line

    With both home prices and interest rates projected to increase, buying now instead of later might make sense.

  • Hard Money More Attractive Than Ever – Recent Loans From Our Office!

    Posted Under: Market Conditions in Sonoma County, Home Buying in Sonoma County, Agent2Agent in Sonoma County  |  June 24, 2014 4:17 PM  |  82 views  |  No comments

    Hard Money More Attractive Than Ever – Recent Loans From Our Office!

    Hello, http://staticapp.icpsc.com/icp/loadimage.php/mogile/917800/b12bcda9c608530b9e428bf5cfc43902/image/jpeg

    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!

    RECENTLY FUNDED HARD MONEY LOANS
    Great Private/Hard money rates as low as 8.5%*!

    Get a loan despite poor credit, self employed-difficult to prove income, need fast financing, property a fixer, etc!  And, we finance Bridge loans, Owner Occupied purchases and refinances, non-owner purchases single and multiple units, commercial and some land.

    http://staticapp.icpsc.com/icp/loadimage.php/mogile/917800/6ef20fd5326c188d532e551e2f468fd9/image/jpeg


    Santa Rosa, CA
    Loan Type: Owner Occupied Cash-Out Refinance   
    Loan Amount: $120,000
    Days to fund: 15

     

     

    Santa Rosa, CA
    Type: Bridge Loan
    Amount: $100,000
    Days to fund: 27

     

     

    http://staticapp.icpsc.com/icp/loadimage.php/mogile/917800/6ef20fd5326c188d532e551e2f468fd9/image/jpegBakersfield, CA
    Type: Owner Occupied Purchase
    Amount: $132,000
    Days to fund: 28

     

    Fresno, CA
    Type: Business Purchase Non-Owner Purchase
    Amount: $201,750
    Days to fund: 21

     


    http://staticapp.icpsc.com/icp/loadimage.php/mogile/917800/6ef20fd5326c188d532e551e2f468fd9/image/jpeg

    Sebastopol, CA
    Type: Non-Owner Purchase
    Amount: $510,000
    Days to fund: 32

     

    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 CA

    • 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. 

     

    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

     

    http://staticapp.icpsc.com/icp/loadimage.php/mogile/917800/dc29b9f8300af0d61e85e5c814452c25/image/pnghttp://staticapp.icpsc.com/icp/loadimage.php/mogile/917800/9915e2a9121ce9590e0575016d3645a5/image/jpeg

           Hard Money Lender Serving Sonoma county since 1988!

    800 Mendocino Ave. Ste 2
    Santa Rosa, CA 95401
    (707) 523-2099
    www.sunpacmortgage.com

     

     

    *APR based on loan amount of $130,000 is 9.469%.

    CA BRE Broker – California Bureau of Real Estate Broker.   Corporate License # 01464899.

    NMLS – Nationwide Mortgage Licensing (Registry) System.  Office NMLS # 360993

  • 4 Reasons to Buy YOUR HOME Now!

    Posted Under: Market Conditions in Sonoma County, Home Buying in Sonoma County, Agent2Agent in Sonoma County  |  June 12, 2014 3:15 PM  |  108 views  |  No comments

    Right now is the best time to buy that new house you’ve been dreaming of the KCM Crew as given us a great article which gives you all the more reason to buy your home now. The market is on the up and up and doesn’t show any signs of faltering from what I can see and have been reading. It looks like it’s stabilizing out and continuing to increase.

    If you’re having trouble getting financing due to poor credit, recent foreclosure, etc you can always try to get a hard money loan from your local Hard Money Broker and maybe they can help. Best of luck!

    Forest Tardibuono is Co-Owner and CA BRE Broker known as “The Guy in the White Hat” of Sun Pacific Mortgage & Real Estate - Your Northern CA Hard Money Lender since 1988. P.S. We love referrals!  www.sunpacmortgage.comBRE license #01464899/NMLS #360993

    4 Reasons to Buy YOUR HOME Now!
    KCM Crew: 09 Jun 2014

    http://www.keepingcurrentmatters.com/2014/06/09/4-reasons-to-buy-your-home-now/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+KeepingCurrentMatters+%28Keeping+Current+Matters%29


    Here are four great reasons to consider buying a home today, instead of waiting.

     

    1. Prices Will Continue to Rise

    The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects appreciation in home values over the next five years to be between 30.8% (most optimistic) and 9.4% (most pessimistic).

    The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

     

    2. Mortgage Interest Rates Are Increasing

    Although Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have softened recently, most experts predict that they will begin to rise later this year. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison; projecting that rates will be up almost a full percentage point by the end of next year.

    An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

     

    3. Either Way, You are Paying a Mortgage

    As a recent paper from the Joint Center for Housing Studies at Harvard University explains:

    “Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

     

    4. It’s Time to Move On with Your Life

    The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

    But, what if they weren’t? Would you wait?

    Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe it is time to buy.

    If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

  • Millennials: They ARE Buying & Selling Houses

    Posted Under: Market Conditions in Sonoma County, Home Buying in Sonoma County, Agent2Agent in Sonoma County  |  June 11, 2014 2:25 PM  |  112 views  |  3 comments

    This article gives a good idea of where we are at in this market. The Millennials are right there on the front line buying houses faster than any other demographic market. This is why it’s so important for all the Realtors® and Agents to stay abreast of the current market trends and social media so that we can better service everyone to help them find what they need and want.

    Hope this article from the KCM Crew gives you information that helps you better service your clients.  

    Lynn Tardibuono is Co-Owner/ Realtor® and Flipper Chick of Sun Pacific Mortgage and Real Estate, family owned and run since 1988 in Northern CA. P.S. We love referrals! www.sunpacmortgage.com.  BRE license #01464899/NMLS #360993

    Millennials: They ARE Buying & Selling Houses
    Posted By: KCM Crew 11 Jun 2014

    http://www.keepingcurrentmatters.com/2014/06/11/millennials-they-are-buying-selling-houses/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+KeepingCurrentMatters+%28Keeping+Current+Matters%29

     

     A recent study by the National Association of Realtors, Home Buyer and Seller Generational Trends, revealed that Millennials are a much higher percentage of the overall housing market than the public may realize. Here are the breakdowns:

     

    BUYERS

    SELLERS

     

     Bottom Line

     Contrary to what many believe, Millennials make up the largest percentage of all buyers and a substantial percentage of all sellers.

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