Staff Profile

    Sun Pacific Mortgage & Real Estate was started by Forest and Lynn Tardibuono in January 1988. We specialized in borrowers that were “turned down elsewhere”. Rates were sky high, 11-3/8 % for a 30 year fixed rate mortgage. Adjustable Rate Mortgages (ARM’s) were introduced around that time. They adjusted once a year, not monthly! FHA (Federal Housing Administration) sold tons of Adjustable Rate Mortgages at that time and for many years after! A second mortgage was rare and was a fixed rate mortgage for 30 years with a balloon in 5 years at 14.5%. It wasn’t adjustable. It was a difficult time to qualify for a loan – similar to now.

    We specialize in 2 areas of today’s market. We do hard money loans (private money loans). Private Money or Hard Money loans are mortgages done by individuals. They make loans to borrowers who have equity in their home. Instead of getting a mortgage from the bank you get a mortgage from an individual who lives locally. If you have ever been turned down by the bank, call us, we might be able to do that loan. The qualifications are not as strict as the bank – but does require equity. So call us and we can tell you if you qualify to refinance or buy with a private money loan.

    The other area we specialize in is selling remodeled homes. Most people want a house that is finished, painted, clean and modern – a “turn key” property. That’s what we sell.

     Sun Pacific Mortgage & Real Estate will keep you totally informed as you go through  the transactions or your home loan process.