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Home Buying in Waianae : Real Estate Advice

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  • Local Info5
  • Home Buying12
  • Home Selling1
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Activity 15
Ritajains, Home Buyer in Tucson, AZ
Wed May 13, 2015
Ritajains answered:
VA loans are becoming increasingly attractive home financing options for military borrowers faced with tough credit and down payment requirements. These flexible loans, which come with some significant financial benefits, are at an 18-year high in terms of loan volume.

More than 530,000 military borrowers obtained a VA-backed loan in 2012, and the program’s growth is likely to continue in the year ahead. But as with any mortgage product, it can’t be all smiles and sunshine. Both VA loan pros and cons are a part of the game. Let’s take a step back and look at some of each.

> Pros of VA

* Zero (0) down payment.
* Seller is allowed to pay all of the closing cost and prepaids up to 4% of the sales price + Title * * Policy + Survey + around $1,915 in VA non-allowables as part of the negotiations of the contract.
Interest rates will typically be lower than a Conventional loan.

Cons of VA :
Upfront Funding Fee of 2.15 if never used your VA eligibility to purchase your home, or 3.3 if have used it before. (If borrower has a Service Connected Disability no Upfront Funding Fee is required.)
The Funding Fee is rolled into the note.
VA chooses the appraiser.
Seller needs to agree to pay the VA non-allowables.
Only loan type that requires a clear WDI (Termite) report.

Click here for more information: http://valoanguidelines.org/funding-fees-pmi/
... more
1 vote 6 answers Share Flag
Bobby Wright, Real Estate Pro in Kirkland, WA
Wed Sep 17, 2014
Bobby Wright answered:
Are you still looking for help finding a home? If so, please send me a message and I would be more than happy to help you out.
0 votes 1 answer Share Flag
Jeff Howard, Real Estate Pro in HI,
Fri Mar 14, 2014
Jeff Howard answered:
Start here with a local lender you can trust and that will actually close your loan...

Or you can just call the #1 Loan Officer in Hawaii and get all the information you need for home loan approvals.
Check us out at https://jeffhoward.mannhawaii.com/ or www.facebook.com/jeffhowardhomeloans
... more
0 votes 4 answers Share Flag
Jeff Howard, Real Estate Pro in HI,
Fri Mar 14, 2014
Jeff Howard answered:
Nothing...You can do a zero down zero point loan with all closing costs paid and the non allowables paid by the lender.

Or you can just call the #1 Loan Officer in Hawaii and get all the information you need for VA home loan approvals. 40,000,000 in VA loans on Oahu alone in 2013
Check us out at https://jeffhoward.mannhawaii.com/ or www.facebook.com/jeffhowardhomeloans
... more
0 votes 5 answers Share Flag
Dante Velaci…, Real Estate Pro in Honolulu, HI
Fri Mar 14, 2014
Dante Velacion answered:
Hi Tracy,
Are you looking for wholesale properties? I'm a real estate investor and I also work with a lot of investors as well. Some of the investors I know do wholesale properties. Please contact me on my cell and we could speak more. I also do have some pocket listings that you might be interested as well. Hope to hear from you soon. ... more
0 votes 2 answers Share Flag
Frank Diaz, Real Estate Pro in Honolulu, HI
Mon Jan 20, 2014
Frank Diaz answered:
Hi Jean,

There are a few scenarios:
When it costs less than buying
If the end of the lease doesn't matter to you (my friend is 80 years old, and a 20 year lease is fine with him)
When it costs less than renting when you add the mortgage, lease rent and maintenance fees. ... more
0 votes 1 answer Share Flag
Wallette Nag…, Real Estate Pro in Waianae, HI
Fri Sep 27, 2013
Wallette Nagaishi answered:
Hi Tiffyn7878:

There are agencies that can assist with downpayment. Also there are usda loans with no downpayment needed. Email me at wallette@westbeachrealty.com and I will walk you through. ... more
0 votes 11 answers Share Flag
Frank Diaz, Real Estate Pro in Honolulu, HI
Sun Aug 4, 2013
Frank Diaz answered:
No one can you give you a good estimate for any area given the current market conditions.
Also, Maili is largely affected by resale values in the surrounding areas, including Kapolei (to some extent) Waianae, Nanakuli and Makaha. ... more
0 votes 1 answer Share Flag
Frank Diaz, Real Estate Pro in Honolulu, HI
Tue Jul 30, 2013
Frank Diaz answered:
Waianae is more than 20 miles away from the center of Honolulu (where the jobs are).
The further you are from the city hub, the lower the prices.

Aloha,
Frank
0 votes 1 answer Share Flag
Frank Diaz, Real Estate Pro in Honolulu, HI
Mon Jun 24, 2013
Frank Diaz answered:
Yes, they can. Call the property management company. Ask them to email you the rules for payments. They will usually do it. They will tell you on the phone what the rules are for payments. Generally it is due around the 5th of 6th, then a late fee of $25-$50 is due from the 7th on. That's what I have generally seen.
After two months behind, they put a lien and after 90 days start the foreclosure process.
... more
0 votes 1 answer Share Flag
Frank Diaz, Real Estate Pro in Honolulu, HI
Mon Apr 22, 2013
Frank Diaz answered:
Here are the house rules:
http://makahavalleyplantation.org/forms.html

Call me if you have further questions.

Frank Diaz
(RA) MBA, e-PRO, REALTOR®
East Oahu Realty
808.723.0900 cell
http://hawaiihome.biz/
... more
0 votes 1 answer Share Flag
Wilhelm Bail…, Real Estate Pro in Waipahu, HI
Fri Nov 2, 2012
Wilhelm Bailey answered:
dgfiles,

At your present interest rate, it is a great time to consider refinancing as the interest rates are low. As for not paying fees, it comes with the mortgage market, however, you could include all costs for the refinance into the new mortgage.

Wilhelm
... more
0 votes 2 answers Share Flag
Frank Diaz, Real Estate Pro in Honolulu, HI
Sun Jul 1, 2012
Frank Diaz answered:
Yes, but they need to itemize the costs on request.
0 votes 1 answer Share Flag
Jim Olive, Real Estate Pro in Key West, FL
Sun Jul 1, 2012
Jim Olive answered:
If there was a military clause that allowed them to break the lease due to military transfer and they were transferred, then the rules are simply the contract, you have to return deposit funds according to it. If the deposits were intended to cover damages, and there were none, you'd have to return it? Be cautious in the way you handle the situation, the United States Government does not like people treating military members badly, and will help them get any money owed them back, so make sure you give them what they deserve under the terms of the contract. ... more
0 votes 1 answer Share Flag
Frank Diaz, Real Estate Pro in Honolulu, HI
Thu Sep 10, 2009
Frank Diaz answered:
Hi Marcy,

There are a lot of opportunities now. A friend bought a piece of land in this area 5 years ago. He built a warehouse for medical supplies, raised some bees and added about 50 fruit trees. It is doing very nicely. There is a mix of country, agricultural and residential lots available.

If you narrow it down a bit as to price and size, I would be happy to send you a list. I'll set up a customized search, then you'll get listings automatically. No hassle and you can cancel any time.

In Maili, Makaha and Waianae, I currently see 17 vacant lots available for less than $300,000. I can be reached at 808.723.0900

Aloha,
Frank Diaz, MA (RA)
... more
0 votes 2 answers Share Flag
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