Blog2022-01-02T11:01:37-10:00

Mortgage Industry News and Events

Buying vs. Renting in Hawaii – Running the Numbers

As of October, 2018, the average rent for an apartment in Honolulu, Hawaii was $1,680.00 according to RentJungle.com. That’s quite a decrease from where it was this time last year: $2,123.00 according to the same source – down 26.37%. We suspect a data glitch somewhere, though, and that [...]

STUDY: December is the best month to buy a house

The time to get pre-approved for a mortgage is NOW. Because December is the best month, by far, to buy a home. That’s not us talking. That’s the conclusion of a recent survey from ATTOM Data Solutions, an Irvine, California-based real estate data and information firm. Analysts from ATTOM [...]

Student Loans? You can still qualify for a home mortgage!

Have you been putting off buying a home because of your student loans? You no longer have to. Recent changes in the way mortgage companies treat student loan debt have made it much easier for those with education-related debt to qualify for a mortgage. Fifty-six percent of those [...]

Getting a Mortgage Following Bankruptcy or Foreclosure

Had a bankruptcy or foreclosure? We have some good news: The Federal Housing Administration (FHA), Fannie Mae and Freddie Mac have all recently announced they were shortening the mandatory waiting period for qualifying for a home loan down to two years after a bankruptcy discharge or foreclosure. FHA [...]

Hawaii Homes May Be Getting a Little More Affordable

Freddie Mac Announces Support for Shared Equity Mortgages Hawaii homes may be about to get a little more affordable for lower and middle-income homebuyers. That’s because Freddie Mac has just announced that it will begin purchasing community land trust mortgages structured as shared equity home loans, sometimes [...]

How to Buy a Home in Hawaii with Bad Credit

Buying a home in Hawaii is often a challenge. But even for those with less-than-perfect credit reports, it’s doable and realistic – with a bit of prep work. Even if you have a bankruptcy on your record, it’s possible to qualify for a mortgage after just a couple [...]

Earnest Money Deposits in Hawaii Real Estate

You found the Hawaii home of your dreams. You can afford it, and you’re pretty sure you can line up financing, no problem. But there are a number of other people bidding on the same home. What can you do to make your offer stick? For many transactions in [...]

Get Ready – Federal Interest Rates are Rising Again

Keep an eye out while you are reading the news this month. A few weeks ago, the Federal Reserve announced that they intended to increase federal interest rates in the month of September. For investors and families looking to purchase a new home, this is a good [...]

Moving to Hawaii? Here’s what you need to know.

If you’ve decided to turn your dream of living on a warm, tropical island into a reality by moving to Hawaii--congrats! While most find moving to Hawaii to be a pipe dream, we believe it is one of the smartest decisions you can make. But moving can [...]

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