Hawaii Home Buying

Hawaii is saying “aloha” to plenty of new home communities and developments. Atlas Construction and Smith Brothers Construction in Honolulu are creating communities dedicated to both luxury and family living. Home buyers and those interested in real estate investing are seeking the services of individual architects such as Lucky Rose Builders to create home masterpieces on some of the smaller island such as Kauai. Existing homes continue to sell state-wide and many Hawaiians are seeking financing through their local mortgage lender or mortgage broker.

Whether it’s a new community, custom home or an existing home purchase, home buying in Hawaii through a local lender is one of the most efficient ways to finance a home. A local mortgage lender or mortgage broker can work closely with the borrower to assist with the home appraisal, mortgage loan processing and closing. Borrowers in Hawaii are urged to check their credit score and use mortgage calculators to determine how much home they can afford. A low credit score means that the borrower may no qualify for a loan or will receive the loan at a higher rate. A home purchase calculator can help the Hawaiian homeowner determine how much they can afford based on their debt, assets and income. Existing home owners interested in mortgage refinance or home equity loans should also take similar to steps to ensure they qualify for the mortgage loan.