Mortgage Industry News and Events

Hawaii Real Estate – Is it time to refinance your home?

Mortgage rates have been falling this week. The average rate nationwide is currently 3.94% for a 30-year fixed mortgage. But some borrowers with good credit are getting offers at rates as low as 3.875%. Your rate, of course, may vary – everyone’s application is different. But we’re seeing numbers [...]

Reverse Mortgages: Turn Your Home Equity into Income to Live On

Millions of Americans are heading into their retirement years facing a cash crunch: they need income, but much of their accumulated wealth over their working lives is in their houses. And houses aren’t very liquid. In many cases, the retirement-age homeowner can’t qualify for a traditional cash-out mortgage because they’re [...]

Attention Millennials: You Can Buy a Home

Millennials have been in the press a lot lately. Much of the news has been about how Millennials have been putting off home purchases. And it’s true – Millennials have tended to buy homes about 5-7 years further into their careers than previous generations. As of the close of [...]

How to Buy a Home with a Low Down Payment in Hawaii

The good news is: even if you don’t have a full 20% down to put on your Hawaii dream home, you still have lots of options. We work with people who have just 15%, 10%, 5% or nothing to put down every day! Here are several ways you can [...]

Hawaii Homebuyers: Should You Go Conventional or FHA?

Lots of people ask us whether it’s best to get a Conventional mortgage – one that meets the minimum requirements for purchase by Fannie Mae or Freddie Mac – or apply for an FHA loan. There are advantages and disadvantages to both, so the answer is usually, “It depends!” [...]

Financing a Hawaii Property Purchase with a Renovation Loan

The Opportunity Have you been shopping for a home, but feel like you are priced out of the market? It may not be too late for you to buy. With the right property and a little imagination, you can now finance the purchase and the renovation expenses together [...]

How to Get a Mortgage for a Fixer-Upper House

This post is for you home shoppers and/or investors who found a great house that needs some work, but you don’t have the cash for both the needed repairs and for the down payment up front. It’s also for you if you found a great fixer-upper opportunity, but you can’t [...]

Why Use a Hawaii Private Mortgage Lender?

This is for you non-traditional borrowers. If you’re a real estate developer, house flipper, general contractor or otherwise have special financing needs, you should develop a relationship with a direct lender for those projects that traditional lenders just don’t get. If you’re having trouble getting financed through the [...]

The High Cost of Not Buying

Buying a home in Hawaii is expensive. But not buying is even more expensive. Why? Because when you own a home, over a long period of time your mortgage payments are generally more than offset by two factors: 1.) Appreciating home values 2.) Steadily increasing rents 20 years ago, [...]

You Don’t Need Perfect Credit to Buy a Home in Hawaii

Don’t wait til your credit score is perfect. There’s an old proverb that goes “the best is the mortal enemy of the good enough.” This means that waiting for conditions to be absolutely perfect can be costlier and more counterproductive than acting boldly in the moment when conditions are [...]

Go to Top