RENTAL: SPACIOUS 5 BED/3 BATH 1-STORY HOME FOR RENT IN PORTLOCK (HAWAII KAI) - 03/17/12 05:46 PM
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Q&A: Mortgage Insurance & Condo Docs - 03/15/12 06:37 PM
I was recently asked a question regarding mortgage insurance and how condo docs work in an REO/short sale situation. I'd like to share my answer with you all!

Question: How much does a person have to put down to avoid paying mortgage insurance? Also, a Realtor on Maui told me that condo docs run between $350 and $400. As I understand, the banks won't pay for them if it's an REO property and in a short sale the seller pays for them.
Answer: Typically you will have to put 20% down unless you qualify for FHA, then it's 3.5% down. … (2 comments)

 
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Karla Casey

Honolulu, HI

More about me…

Karla Casey, Principal Broker, Casey & Associates, Hawaii

Address: Koko Marina Shopping Center, 7192 Kalanianaole Hwy #C121, Honolulu, HI, 96825

Office Phone: (808) 356-2590

Cell Phone: (808) 366-4306

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