Choosing
A Mortgage Program Here in Hawaii
Finding
the best Hawaii home loan isn't a single or simple answer
to this question. The right type of mortgage for you depends
on many different factors:
- Your
current financial picture and your ability or willingness
to get involved into the high priced market here in Hawaii.
Many people but Condo-Tel and 2nd homes out here and often
find themselves under some type of financial strain. I
know that the opportunity to live in Hawaii often makes
people take on unnecessary risks so please, be careful
and really think about what your willing to buy and the
loan payments you will be making.
- How
you expect your finances to change if you decide to move
here, islands like Maui are more expensive than other
islands so you really need to take into account things
like food, gas, thankfully, all the fun here is free.
- How
long you intend to keep your house, most investors drop
their homes here after about 5 yrs, if that's your plan,
please let us now so we can put you into a loan program
that really benefits you. We do have zero down home loans
even for non owner occupied homes so we just need to really
know your plans.
- How
comfortable you are with your mortgage payment changing.
For
example, a 15-year Hawaii fixed-rate mortgage can save you
many thousands of dollars in interest payments over the life
of the loan, but your monthly payments will be higher. An
adjustable rate mortgage may get you started with a lower
monthly payment than a fixed-rate mortgage -- but your payments
could get higher when the interest rate changes.
The
best way to find the "right" answer is to discuss your finances,
your plans and financial prospects, and your preferences frankly
with a mortgage professional. Call us today 858-234-9116 to go over all your options or click the Apply
Now button at the top of the page.
