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Westpark Loans

(on quail hill pkwy)
Mortgages and Mortgage Brokers in Irvine, CA
Mortgages and Mortgage Brokers
Real Estate Services

Hours

Monday
8:00AM - 8:00PM
Tuesday
8:00AM - 8:00PM
Wednesday
8:00AM - 8:00PM
Thursday
8:00AM - 8:00PM
Friday
8:00AM - 8:00PM
Saturday
8:00AM - 8:00PM
Sunday
8:00AM - 8:00PM

Location

6789 Quail Hill Pkwy
Irvine, CA
92603

About

Westpark Loans, formed in 2007, has established itself as California’s leading provider for residential and commercial alternative documentation loans, stated income loans, and hard money loans. We do the loans the others can't.

Latest

Take these seven steps to prepare yourself for the home search ahead: CONSUMERAFFAIRS.COM 7 helpful steps to take when house hunting
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/ WESTPARKLOANS.COM Success Stories - Westpark Loans | 844-574-5626
Be ready for your next home search with this helpful guide. WESTPARKEQUITY.MYHOMEHQ.BIZ Do you have a house-hunting checklist?
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 bedroom 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/real-estate-investing/2020/09/24/boost-your-real-estate-investment-roi-with-an-updated-floorplan/ WESTPARKLOANS.COM Boost Your Real Estate Investment ROI with an Updated Floorplan - Westpark Loans | 844-574-5626
Get twice-monthly newsletters about homebuying, homeownership and more. WESTPARKEQUITY.MYHOMEHQ.BIZ Join the List for Updates
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/real-estate-investing/2020/09/24/boost-your-real-estate-investment-roi-with-an-updated-floorplan/ WESTPARKLOANS.COM Boost Your Real Estate Investment ROI with an Updated Floorplan - Westpark Loans | 844-574-5626
Have you had a chance to read our newest article on The Pros and Cons of a Reverse Mortgage? "Here's a snippet: What Is a Reverse Mortgage? A reverse mortgage is a tool that allows borrowers to use the equity in their home as collateral against a loan in a way similar to a traditional mortgage. But unlike a standard mortgage, borrowers do not have to make monthly payments. Instead, the loan is to be repaid in full when a maturity event occurs, which generally happens when a borrower sells the home or otherwise no longer owns the property. In addition, borrowers who take out a reverse mortgage still hold the title to their home. A reverse mortgage can be a great option for those who need to access home equity for one reason or another, any expenditure of your choosing: to supplement income, or for health care, repairs, debt service, travel, and so forth. However, not everyone is eligible for a reverse mortgage. Some highlights of the qualifications for property owners for a reverse mortgage include: *At least 62 years of age or older. *Own the property in full or have a single lien that can be repaid with the proceeds of the reverse mortgage. A single-family home intended to serve as a primary residence, a multi-unit property with no more than four units, FHA-approved condominiums, Single Unit Approval, or new construction. *Remain current on property taxes, insurance, and any other legal obligations included in home ownership, like HOA dues. A loan officer will walk you through your options and all requirements. Many property investors do not meet these requirements in full – for example, many investors are under 62 years old or have no interest in borrowing against a primary residence – but for those who need cash to take advantage of a great opportunity in the investment market and who do meet the requirements, a reverse mortgage can be an excellent choice." Read the rest of the article here: https://westparkloans.com/real-estate-loans/2020/10/20/pros-cons-reverse-mortgage/ Contact a Loan Officer Today! https://westparkloans.com/contact-us/ WESTPARKLOANS.COM westparkloans.com
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 valuable 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/real-estate-loans/2020/10/20/pros-cons-reverse-mortgage/ Apply for a Reverse Mortgage Today! https://westparkloans.com/apply/ WESTPARKLOANS.COM westparkloans.com
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 others 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/real-estate-investing/2020/10/08/fuzzy-math-income-producing-real-estate/ Interested in a Hard Money Loan? Start your application! https://westparkloans.com/apply/ WESTPARKLOANS.COM Apply Now - Westpark Loans | 844-574-5626
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/ WESTPARKLOANS.COM Bridge Loans - Westpark Loans | 844-574-5626
Are you thinking about making some changes to your home? Get in touch for financing options. APARTMENTTHERAPY.COM 7 Finishes and Materials That’ll Impact Your Resale Value, According to Experts
This is just one of many methods you can use to save up for a new place. BUSINESSINSIDER.COM If you're an aspiring homeowner, use the 30/30/3 rule to figure out what kind of house you can afford
Do you know the key differences between a home equity loan, a cash-out refinance and a home equity line of credit? Reach out with any questions. FORBES.COM HELOC and Home Equity Loans Vs. Cash-Out Refinance
Have you read our article on "Boost Your Real Estate Investment ROI with an Updated Floorplan"? Here's a snippet: 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. However, failing to pay adequate attention to a house’s floorplan can be a costly mistake. While granite countertops are certainly nice to have, that won’t be the thing that ultimately wins over a buyer. Many homebuyers go into the purchase process knowing they want certain things, like a spare bedroom to use as an office or an open floorplan, and all of the fancy touches in the world won’t change these base needs. Delivering an updated floorplan that meets the needs of the current market is among the best ways to boost ROI, especially when the needs of the market call for certain features over others. Why Floorplans Matter The needs of the market change all the time, for all kinds of reasons. Trends ebb and flow, construction conventions change, and homeowners’ needs evolve. For example, family size is dropping, so some families are no longer looking for lots of bedrooms and would rather see an open layout. Floorplans may seem like a superfluous aspect of a home, but for many buyers, the layout is anything but. A jumbled floorplan can turn off home shoppers, leaving your property on the market without any interest. Today, the needs facing homeowners are diverse, but there is one new unifying factor altering the preferences of renters and buyers: COVID-19. With so many economic and lifestyle impacts, people looking for property have more unique goals in choosing a new place to call home than ever before. And, with things like work and school from home seeming like the new normal, the space within a home means far more than it did just months ago. Read the rest of the article here: https://westparkloans.com/real-estate-investing/2020/09/24/boost-your-real-estate-investment-roi-with-an-updated-floorplan/ Or, Contact a Loan Officer for a rate quote: https://westparkloans.com/contact-us/ WESTPARKLOANS.COM Contact Us - Westpark Loans | 844-574-5626
Product Spotlight: Bridge Loans Bridge Loans are designed to ‘bridge the gap’ between selling a property and purchasing a new one. They were designed to help people move into a new house without having to sell their old one first. Bridge Loans allow a borrower to obtain cash quickly and easily, utilizing the equity in an existing property prior to the sale of the existing property as collateral for the down payment on the new property being acquired. Who Would Benefit from a Bridge Loan? Bridge Loans are a quick way to get short term financing with very minimal documentation. Learn more here: https://westparkloans.com/products/bridge-loans/
You can gain a lot from your home equity. Read this for ways to increase your stake in your property. WESTPARKEQUITY.MYHOMEHQ.BIZ 5 Tips for Building Equity
Having an inventory of your belongings for insurance purposes is an essential part of being a homeowner. THEBALANCE.COM Your Guide for Making a Home Inventory and Why You Need One
This is one way to create a separated space in your home, whether it's for a home office, an exercise area or another purpose. THESPRUCE.COM How to Build a Temporary Wall Inside Your Home
Happy Customers are our #1 priority. Here are a few recent 5-star 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. -Reviewed on Google by Steve E." *“Wayne kim awesome awesome guy very 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!” -Reviewed on Google by Robin J." *“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.” -Reviewed on Google by Ben T." Read many more reviews here: https://westparkloans.com/reviews/ Learn about our Loan Programs here: https://westparkloans.com/loan-products WESTPARKLOANS.COM Loan Programs - Westpark Loans | 844-574-5626
Do you have questions about getting a mortgage? Reach out to learn about the process from start to finish. BLOG.RISMEDIA.COM Know How and When to Apply for Home Loans in 2021
Once you're done with the basics, here are some other ways to make the space look and feel better. LIFEHACK.ORG 10 Small Changes To Make Your House Feel Like A Home
#tbt to our article on 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. However, failing to pay adequate attention to a house’s floorplan can be a costly mistake. While granite countertops are certainly nice to have, that won’t be the thing that ultimately wins over a buyer. Many homebuyers go into the purchase process knowing they want certain things, like a spare bedroom to use as an office or an open floorplan, and all of the fancy touches in the world won’t change these base needs. Delivering an updated floorplan that meets the needs of the current market is among the best ways to boost ROI, especially when the needs of the market call for certain features over others. When fixing and flipping your next project or preparing a new property for renters, don’t let floorplan be a secondary priority. With so many advantages to residents, investing energy into improving layout offerings may be the best possible way to command higher prices – especially in the era of COVID-19. Read the article here: https://westparkloans.com/boost-your-real-estate-investment-roi-with-an-updated-floorplan/ Speak to a loan officer by calling us direct: 844-574-5626. Or learn more about our loan programs here: https://westparkloans.com/loan-products WESTPARKLOANS.COM Boost Your Real Estate Investment ROI with an Updated Floorplan - Westpark Loans | 844-574-5626
Are you buying a new place this year? Use these tips to help you adjust to the changes. WESTPARKEQUITY.MYHOMEHQ.BIZ Make Your New House Feel Like Home
Interested in a Fix & Flip Loan? Westpark Loans, a Direct Hard Money Lender, can help you. Fix & Flip Loans (Fix and Flip) provide the borrower with the capital needed to invest in real estate with the sole purpose of remodeling or rehabilitating a property for a profitable resale value. 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, 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-and-flip-loans/ Or, call us at 844-574-5626 and speak to a professional loan officer today! WESTPARKLOANS.COM Fix and Flip Loans for California | Westpark Loans | 844-574-5626

Information

Company name
Westpark Loans
Category
Mortgages and Mortgage Brokers
Est
2007

FAQs

  • What is the phone number for Westpark Loans in Irvine CA?
    You can reach them at: 844-574-5626. It’s best to call Westpark Loans during business hours.
  • What is the address for Westpark Loans on quail hill pkwy in Irvine?
    Westpark Loans is located at this address: 6789 Quail Hill Pkwy Irvine, CA 92603.
  • What are Westpark Loans(Irvine, CA) store hours?
    Westpark Loans store hours are as follows: Mon-Sun: 8:00AM - 8:00PM.