First Hawaiian Bank is now allowing 20% down payments on all Maui condotels if the purchase is for an owner-occupant or a second home. A higher down payment will be required if the condo will be used for a vacation rental.
The recent hike is the third rate hike of 2017, leading us to believe we can expect to continue to see rate hikes throughout 2018.
There will be some challenges to overcome for home buyers this year. Low Inventory – Simply not enough homes for sale for all searching buyers. Last month active inventory dropped 11% nationwide. So 2017 started off with record low inventories. …
The Federal Housing Financing Agency has announced that they will be increasing the 2017 VA loan limit amount in for Hawaii County on the Big Island. The loan limit will be increased from $625,000 to $636,150 for buyers beginning January …
Since last week’s election interest rates are on the rise. The market is experiencing uncertainty which is causing mortgage interest rates to move up. Mortgage rates tend to follow yields on the 10 year treasury note which saw an unusually …
Prices are Going to Rise Home prices hae been consistently climbing. Over the last year they have increased 5.9% and are projected to continue to rise at a rate of at least 5.3%. Economists expect prices to continue to rise …
Pending Sales Soar Across the country the number of contracts signed and in turn the number of homes now pending has soared to it’s highest level in over a decade. Nationwide there’s been an increase on …
Slowly but Surely Following the recession of 2008 we've been getting used to affordably low mortgage rates, now we're seeing signs of them inching back up. Mortgage Rates are falling into what the National Association of …
Foreclosure Prevention Programs Extended During the housing crisis programs were created to allow lower monthly payments and help prevent foreclosures. The Home Affordable Mortgage Program or HAMP offers incentives to lenders who make theier …
