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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 855-529-5222 to go over all your options or click the Apply Now button at the top of the page.


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