This article originally appeared in Waikoloa Whispers, a privately-owned publication distributed to Waikoloa residents. Posted here with permission from the Editor, Phyllis Ann Knauf…Al assures us he asked! Part 1: Mortgage Plans to Consider Part 2: Waikoloa Village Real Estate Update – May Mortgage Plans to Consider 30-Year Fixed Rate Loan: The 30-year fixed-rate loan [...]
Posts Tagged ‘mortgage’
Keeping an Eye on Lending Practices
January 21st, 2010
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Hidden fees, bait-and-switch tactics, misrepresentation, non-disclosure. These unethical lending tactics (as well as discrimination, predatory lending practices and, of course, old-fashioned, straight-up fraud) are pitfalls that may derail a well-intentioned buyer’s effort to successfully obtain a loan for a new home. To protect buyers from these types of practices, laws exist that require lenders to [...]
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 [...]
Is Using a Local Lender Really That Important?
June 2nd, 2008
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It is not uncommon for people moving to Hawaii to initially consider getting financing from a lender or broker located outside of the state of Hawaii. With the best interests of our buyer clients in mind, Hawaii Realtors, if you ask, will likely tell you that you may save yourself a lot of time and [...]
