by Dan Polimino | Jun 13, 2009 | Financing
Higher interest rates put the brakes on mortgage refinancing this week, according to Freddie Mac.
by Dan Polimino | Apr 24, 2009 | Financing
Quick Answer: Higher conforming loan limits, up to $729,750, can mean lower interest rates for larger mortgages. This change may make luxury Hawaii real estate more accessible, particularly for buyers considering a second home or vacation rental on the Kona-Kohala...
by Dan Polimino | Apr 15, 2009 | Financing
Quick Answer: While FHA loans are primarily designed for primary residences, they can sometimes be used in situations involving second homes if the borrower intends to occupy the property for a significant portion of the year. However, strict occupancy rules and loan...
by Dan Polimino | Apr 10, 2009 | Financing
Quick Answer: While the 30-year fixed mortgage rate recently rose to about 4.87 percent, this level is still favorable compared with long-term historical averages. For buyers considering a vacation rental on the Kona-Kohala Coast, the immediate impact may be a...
by Dan Polimino | Mar 12, 2009 | Financing
Quick Answer: With average 30-year fixed mortgage rates dipping to 4.97% and 15-year rates to 4.61% last week, the cost of financing a luxury property on the Kona-Kohala Coast has become more attractive. This reduction in rates, coupled with an 11.3% increase in...
by Dan Polimino | Feb 28, 2009 | Financing
Quick Answer: Freddie Mac reported the 30-year fixed mortgage rate at 5.07% for the week ending February 26, a slight increase from the previous week’s 5.04%. While national rates have risen slightly, the luxury real estate market on the Kona-Kohala Coast often...
