by Dan Polimino | Feb 12, 2010 | Buying, Financing, Hawaii Real Estate, Investing
So you are sitting on the sidelines right now missing out of the $8000 First Time Home Buyer Tax Credit because someone at the bank told you that your score was not good enough to buy right now. The banker probably did not provide much more information other than you “need to fix your credit and pay your bills on time” if you want to buy a house.
by Dan Polimino | Feb 5, 2010 | Buying, Financing, Hawaii Real Estate, Investing
Sure, as a new home buyer you are going to get your $8000 tax credit for buying a home (provided you close before the deadlines) and you will begin to “itemize” your tax deductions (real estate property taxes, mortgage interest, and points) going forward each year. All of these can potentially save you allot of money on your federal taxes which one of the many reasons people chose to buy rather than rent.
by Dan Polimino | Aug 24, 2009 | Financing, Hawaii Real Estate
Quick Answer: Current lending guidelines for luxury properties on the Kona-Kohala Coast are highly fluid and can change rapidly, often within weeks. Buyers must be exceptionally well-prepared with strong credit scores, substantial down payments, and excellent...
by Dan Polimino | Jul 10, 2009 | Financing
Quick Answer: No-documentation loans, which allow borrowers to qualify for a mortgage without traditional income verification, are generally not available for most luxury real estate purchases on the Kona-Kohala Coast today. Although some analysts occasionally discuss...
by Dan Polimino | Jul 9, 2009 | Financing
Quick Answer: For luxury second home buyers on the Kona-Kohala Coast, paying mortgage points can be a smart strategy if you plan to hold the property for more than five to seven years, as the long-term interest savings often outweigh the upfront cost. However, if your...
by Dan Polimino | Jun 15, 2009 | Buying, Financing, Hawaii Real Estate, Selling
Quick Answer: When interviewing Kona-Kohala Coast realtors for your luxury second home or vacation rental, prioritize agents who demonstrate integrity through transparent communication, a proven record of ethical conduct, and a deep understanding of local market...
