Westpark Loans

If you're unsure about your retirement plans, you should speak with a trusted financial adviser.

Love the convenience of your apartment but ready for an upgrade? If a house is more than you need, a condo could be just the move for you. Get more for your money than apartment living work with me to find the perfect condo loan options for you. Call 844-574-5626.

Get a breakdown of the fees you can expect upfront when buying a home, as well as the costs you'll likely see in the long run as a homeowner.

Leaving the comfort of home just to complete paperwork is no longer a requirement. Our online application allows you to apply for your home loan without having to make a single trip to our office! We’re ready when you are. Call 844-574-5626.

Read this to learn the basics of your mortgage payment schedule, and reach out if you have questions.

Product Spotlight: Fix & Flip Loans Fix & Flip Loan Can Close in as Little as 48 Hours Who Would Benefit from a Fix & Flip Loan?... Real estate flippers and investors can benefit from our loan products and experience. Because we can fund loans in such a short amount of time (typically less than a week), many of our clients can offer lower "all cash" offers with the comfort that we can finance the transaction seamlessly and close quickly. How It Works Fix & Flip Loans should be used as temporary financing as they are typically costlier than a conventional loan. Fix & Flip Loans are also more lenient than traditional loans, in that they generally require no income, asset or employment verification; credit score and history is of very little relevance; and they can be funded very quickly. Learn more here: https://westparkloans.com/products/fix-n-flip-loans/

Real estate has been successful for most of 2020. Read three reasons why:

Our newest article is ready, "The Pros and Cons of a Reverse Mortgage." Reverse mortgages are less frequently discussed than other types of real estate loans. While a useful tool for those in the correct circumstances, many people including both investors and homeowners don’t fully understand the ins and outs of how this tool can be used. While not the best option for everyone, particularly for those with short term ownership in mind, a reverse mortgage can be extremely v...aluable when properly utilized. Here's a snippet: "You Retain the Title In a traditional mortgage situation, the bank holds onto the title of a home until the loan is repaid in full. In that scenario, the bank technically owns the home as they provided the majority of the funding. If obligations aren’t repaid, the bank is allowed to claim the home. However, with a reverse mortgage, the homeowner retains the title. This is an important distinction, as it ensures that homeowners always maintain ownership without lender involvement. While lenders can claim property should a borrower default, the title remains in the hands of the property owner. Few Caps on Spending While single-purpose reverse mortgages do limit how funds can be used, private reverse mortgages do not. This means that you can borrow against your home equity for any purpose you choose, whether that’s spending for your family or putting funds toward investment opportunities." Read the rest of the article here: https://westparkloans.com///20/pros-cons-reverse-mortgage/ Apply for a Reverse Mortgage Today! https://westparkloans.com/apply/

Be sure to reach out if you could use my services or you know someone who might.

Have you had a chance to read our newest Blog Post? Our newest article is "Fuzzy Math: Income Producing Real Estate". Here's a snippet: Fuzzy Math was first introduced to the public during the televised debates between George W Bush and Al Gore, in the 2000 U.S. presidential election. This man has been disparaging my plan with all this Washington fuzzy math. How many of you remember this humorous interface? Since then, these terms are frequently used by politicians and o...thers to suggest that their opponent’s numbers are doubtful or are otherwise inaccurate. How does Fuzzy Math relate to real estate ownership? Sometimes deceptive calculations can result in wide differences in financial outcomes, tax considerations and the ultimate disposition of real estate. Here are three definitions of rents: Current Rent: What you’re collecting now. Economic Rent: What the market says you’ll should receive in rent. Proforma Rent: What a seller will represent to a buyer that they should be able to get. Current Rents: The current rent, also referred to as contract rents, relates to the income generated by the existing owner. These current/contract rents may vary based upon owner’s management skills or involvement, property condition, existing leases, and overall economic conditions. Economic Rents: Otherwise known as market rents is estimated based upon comparable properties in the unique marketplace. This involves compiling current information by property managers or appraisers, considering comparable rental units, and adjusting for quality, location, amenities, and condition of the overall property in a unique market. This is sometimes referred to as What will the market bare? Proforma Rents: Sometimes called projected rents or potential gross income. A proforma rent calculation should be the same as economic rent or projected rent. Proforma rents are used interchangeably by owners, brokers, appraisers, and lenders. Projected rents is a term used to denote what a prospective new owner, or new property manager may collect upon taking over ownership or management of the property. In some cases, these projected amounts are based on property upgrades, rehabilitation, and possibly more intensive management of the asset. There may be significant variations in the estimation of expected future possible rents." Read the rest of the article here: https://westparkloans.com//fuzzy-math-income-producing-re/ Interested in a Hard Money Loan? Start your application! https://westparkloans.com/apply/

Customer Success is our #1 priority. Here are some recent reviews: *Wayne Kim was awesome to work with. He handled each step of the loan process with lighting speed. He was on top of every requirement with immediate response. Every question was handled professionally and every deadline was completed before there was any need for a deadline. I never had 1 minute of stress with the loan process and it could not have gone smoother. - Steve E. *Wayne kim awesome awesome guy ve...ry patient & understanding, answered all my question, in no way was in a rush, didn’t get off the phone until i was at ease and comfortable. Whatever you need are this guy can find a solution for my loan. We closed in 5 business days super fast & efficient. If you want to get where you want to be give Wayne Kim a shot at ’s! -Robin *Wayne Kim and his team are awesome. Thank you so so much for your hard work and professional manner that could help my tough case of stated income loan approved. And my dream becomes true, I owned the house I love. I committed to recommend you to all my friends, family, relatives who are looking for lenders to buy their houses. -Ben Read more of our customer successes here: https://westparkloans.com/reviews/ Read about our Loan Programs and how to apply here: https://westparkloans.com/loan-products

Product Spotlight: Bridge Loans Who Would Benefit from a Bridge Loan? Bridge Loans allow you to move without having to wait months, or even years, to be able to sell your current house. ... How It Works This loan is ideal for individuals who are in a rush to move because they are closing escrow on their new home, need to move due to a job relocation or have some other unexpected life event. Second, if you are trying to buy an investment property and don’t have enough cash for the closing of the transaction, Bridge Loans are a far better option than having to find an equity partner to help you acquire a new investment property. Compared to utilizing an equity partner, Bridge Loans can increase your profits and eliminate the hassles of working with a partner. Third, Bridge Loans are extremely flexible. There is no minimum credit score to qualify for these loans as there is with a traditional loan. You can get anywhere from 60 to 80 percent loan to value. Loan terms can range from 3 months to 2 years. During that time, you are only required to pay the interest on the loan. Learn more and apply for a Bridge loan Today! https://westparkloans.com/products/bridge-loans/

Is your home ready for winter? If not, now is the time to do these checkups.

Are you thinking about making some changes to your home? Get in touch for financing options.

This is just one of many methods you can use to save up for a new place.

Product Spotlight: Fix & Flip Loans Program Highlights Our Fix & Flip Loans typically close in as little as 48 hours. We make sure you have access to the cash you need in the shortest amount of time possible because we understand that time is of the essence when trying to secure a prime fixer upper. ... We offer Fix and Flip loan amounts up to $8,000,000, which can be used for condominiums, single-family residences or multi-family residences. While they are designed to be a short-term solution, Fix & Flip loan terms can range from 6 months to 3 years if needed. Our investors will generally lend up to 90% or more of the purchase price depending on the projected ‘After Repair Value’ of the property, and in some cases, may cover some or all the rehab costs. Learn more here: https://westparkloans.com/products/fix-n-flip-loans/

Make this style work anywhere in your home.

Take these seven steps to prepare yourself for the home search ahead:

A quick closing Success Story in Glendale! Cash Out Refinance for $180,000 closed quickly. 1st Trust Deed Loan Amount: $180,000 Property Value: $430,000 LTV: 42%... Loan Rate: 9.99% Read more of our successes here: https://westparkloans.com/success-stories/ Learn more about Cash Out Refinance Loans: https://westparkloans.com/products/cash-out-refinance-loans/

Be ready for your next home search with this helpful guide.

Did you read our newest article on "Boost Your Real Estate Investment ROI with an Updated Floorplan"? Boost your ROI on your next investment property! Here's a snippet: "Create Additional Bedrooms When private space is at a premium, extra bedrooms can make or break a sale. Far more people than ever before require home offices, often in a spot in which they can hold private meetings without being easily disturbed by children. To accommodate this need, adding on an extra bedroo...m can significantly boost ROI. Extra bedrooms can be included in many ways. In some cases, this is as easy as adding a wall in an overly large bedroom or den area, while in others, it may require finishing a basement. However, if there’s no room inside the home, it may make the most sense to build an addition. Additions can be costly, so determining whether an extra bedroom fits within renovation budgets should be a priority. This step can be best for smaller homes that are otherwise relatively modern and don’t require substantial updates in other areas. Be sure to partner with a contractor who can provide accurate estimates and knows all local zoning laws before planning a large expansion. When adding an extra bedroom, it can sometimes make sense to add a master suite rather than a smaller room. If the existing bedrooms in the home are on the small side and there is no clear master, it may be a negative for a buyer. As such, adding a large bedroom with an en-suite bathroom can a great way to attract those seeking space." Read the rest of the article here: https://westparkloans.com//boost-your-real-estate-investm/

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Have you read our newest blog post, "Boost Your Real Estate Investment ROI with an Updated Floorplan"? To some property investors, the floorplan of a home may seem like a secondary issue. Things like upgraded appliances and a modern appearance often attract the most focus, with the layout of rooms falling by the wayside in the fix and flip or rental preparation process. Here's a snippet: "Homeowners Need More Room... Prior to the onset of COVID-19, only around 7% of U.S. workers had the luxury of working from home (WFH) on a regular basis. Roles with WFH privileges were often limited to highly educated white-collar positions, like executives, managers, and employees in banking and finance. However, the pandemic changed that virtually overnight. Many jurisdictions nationwide ordered any worker who could perform most of their job duties from home to do so, sending millions to home offices. While some people were in a good position to transition to a remote work experience, many others weren’t. Some companies had no experience with virtual work, leaving users struggling with inefficient technology and poor equipment. However, the biggest issue for most workers was, and is, space related. Most people, even in areas with a low cost of living, don’t have the extra room to accommodate an office. This means desks end up in bedrooms, living rooms, or basements, and that’s not often sustainable long-term. These issues are only compounded in areas with remote schooling, which includes many counties across the state. Families that expect to be handling distance learning or working from home for a long period of time may plan to move to make life easier. As more and more companies are committing to full or partial WFH and schools are staying remote for the full Fall 2020 semester, a growing number of people will be on the hunt for more space." Read the rest of the article here: https://westparkloans.com//boost-your-real-estate-investm/