Financing in 96818 : Advice

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Isabella For…, Real Estate Pro in Honolulu, HI
Isabella Forster answered:
I have 2 units in a hotel-condo bldg. I still owe 90K at 7%. I want to refinance at a lower rate. Anyone know of a lender that can help?
Depending if you have a full kitchen or not, this could be quite a challenge. We haven't seen financing for lodging units in the past few years, but it might come back. Best bet would b ... more
0 votes Share Flag Fri Jun 15, 2012 Financing in Honolulu
Ralph  Gray, Real Estate Pro in Honolulu, HI
Ralph Gray answered:
Two friends have title as joint tenants but only one is on the loan. If that person (one with the loan) dies, is the other owner responsible? Thanks,
No he is not responsible for the loan, but the bank can foreclose on the property, since the lien is on the property.
0 votes Share Flag Tue Nov 1, 2011 Financing in Honolulu
Dp2, Other/Just Looking in Virginia
Dp2 answered:
To refinance a rental property in Honolulu - Portfolio Loan, anyone?
Your question isn't 100% clear. Although it's clear that you and at least another person jointly own this property, it's not clear why you'd like to refinance or wh ... more
0 votes Share Flag Fri Jun 15, 2012 Financing in Honolulu
Jane Grant, Real Estate Pro in ,
Jane Grant answered:
what does finanncing 3rd party mean?
In a transaction the Buyer and the Seller are the principals. A lender or bank making a loan to the buyer to purchase the property is considered a third party to a transaction.

Mos ... more
0 votes Share Flag Thu Mar 18, 2010 Financing in 96814
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