by Cynthia Hoskins, R(S), Social Media Liaison Clark Realty Corporation Hilo Office It’s no secret that it has become more difficult over the last year to obtain conventional financing for the purchase of a property on the Big Island of Hawaii. Banks and lenders are being cautious as they sort out new regulations and changes [...]
Posts Tagged ‘financing’
The Lender of First Resort
October 7th, 2009
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When certain conditions are met, family money may be the best source of mortgage money for a child’s or grandchild’s home for two primary reasons. The first is that the parent can enjoy interest rates significantly above what is commonly available to them in today’s market, while the child can enjoy interest rates substantially below [...]
