mortgage: Year-Over-Year Rental Prices on the Rise
- 12/26/19 02:00 PM
Posted on December 26, 2019 - 10:22 AM by Lance Owens Aloha, Lance Owens here at KonaHomeTeam.com (LUVA llc) bringing you the latest in real estate news. Every week we partner with some of the best minds in real estate to bring you what we think is important, in today's news we talk about rental rates, we all know Hawaii is about double the national average (go to bottom for a screenshot of craigslist) so just keep that in mind when looking at calculations.
Looking ahead, 2020 is projected to be a strong year for homeownership. According to the Freddie Mac Forecast,
“We expect rates to remain low, falling to … (2 comments)
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mortgage: You Can Never Have TMI about PMI
- 11/16/16 01:38 AM
You Can Never Have TMI about PMI Wednesday November 16th, 2016 First Time Home Buyers, For Buyers, Move-Up Buyers When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have Too Much Information (TMI)about Private Mortgage Insurance (PMI).
What is Private Mortgage Insurance (PMI)? Freddie Mac defines PMI as:
“An insurance policy that protects the lender if you are unable to pay your mortgage. It's a monthly … (0 comments)
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mortgage: Where Will Mortgage Rates Be In 12 Months
- 06/08/15 03:11 AM
Aloha, Lance Owens (RS) here with LUVA Real Estate . While searching our sources for the latest news, we came up with this (From Current Matters). I dont always agree with the experts, but I keep them close and use their expertiese to come up with my own opinion - I hope you do the same, read on.
Where Will Mortgage Rates Be in 12 Months? June 8, 2015 For Buyers, Interest Rates One of the biggest questions plaguing the current housing market is where mortgage interest rates will be at this time next year. Over the last two months, rates have begun to … (2 comments)
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mortgage: Is Getting a Mortgage Getting Easier? Lets ask an Expert
- 04/09/15 05:19 AM
Aloha, Lance Owens (RS) and Kimi Nagatoshi (RS) with LUVA Real Estate, you know we subscribe to several different services to keep our clients up to date on what is happening in today's market, and trust me, it is changing daily and takes a village to keep up with this market. The report below hits it right on the bulls-eye though! I want you to know I have helped clients get back into a home, with a foreclosure in the last 3 years,these guys know what they are talking about
Last thing I want to say and then you can read what the other … (0 comments)
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mortgage: Where are interest rates headed in 2015?
- 03/01/15 04:11 AM
March 1, 2015: Where are interest rates headed, if you look at national reports, they claim up↑
Aloha, Lance Owens (RS), here with LUVA Real Estate, we subscribe to KCM and value their research and time they put into getting us the latest on industry news, hope you enjoy the input below.
Side note: I recently did my blog on the where the housing numbers were for 2015 vs 2014, (Before I read their report) and was amazed at how closely they mirrored each other, almost exactly!
February 26 2015
The interest rate you pay on your home mortgage has … (3 comments)
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mortgage: January 2014 Hawaii Real Estate Report - Getting better every day!
- 02/26/14 05:08 AM
January 2014 West Hawaii Real Estate Report-Residential Prices Jump 42% by Julie Ziemelis & Lance Owens on February 21, 2014 in Market Report The Kona housing market is heating up as we head into 2014 with the the price of homes in North Kona jumping 42% year over year from January 2013 to January 2014 according to statistics from the Hawaii Information Service, Kona’s regional multiple listing service. While prices have jumped, inventory remains tight with sales dropping slightly from this time last year.
Median home prices increased 42% from $362,500 to $514,764 in North Kona year over year and increased from $338,500 in South Kona to … (0 comments)
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mortgage: CASH? CONV? FHA? VA? USDA? Who is buying what in the Hawaii Real Estate Market
- 01/03/12 05:49 PM
Do you ever wonder who is buying what, and with what? CASH? FHA? CONVENTIONAL? USDA? VA?
Well - I do, so I took a look at recent sales in Kailua Kona, Hawaii, just to see what the reports say.
You have to wonder, with all this bailout money going to the banks - there's got to be tons of buyer's - getting great loans - RIGHT?
THINK AGAIN - The bailout money is going to pay down the banks bad debts, pay off the bonuses, but they sure aren't loaning money like they should be. I can name … (2 comments)
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mortgage: CFPB and Fannie Mae, test new simplified mortgage loan form - preview here
- 05/20/11 06:58 AM
If your busy at all in real Estate, I don't even need to tell you how frustrating it is these days to get your clients financed - Well Fannie Mae and the rest of the mortgage industry have gotten together and standardized the loan process, one size fits all type of application. They are actually claiming, that as long as you filled everything in, and attached the needed documents - and it is all spelled out in this new application, that you are guaranteed an answer with in 3 weeks, that's all the time it will take NASA's new supercomputer to … (1 comments)
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mortgage: Myth #1 : I need to stop paying my Mortgage to do a Short Sale
- 04/27/11 01:44 PM
Absolutely NOT. If you have the means to continue paying, you can still pay. But a better question is, what will the Short Sale do to my credit vs a 90 day late payment. Take a look at some recently released numbers concerning your FICO Scores.
Lets take the median score of 720
30 days late - drops that to 630-650
90 days late - drops that to 610-630
Short Sale/Deed in Lieu - no deficiency - 605-625
Short Sale with deficiency - 570 - 590
Foreclosure - 570 - 590
Bankruptcy - 525 - 545
So does it make sense … (0 comments)
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mortgage: Mortgage Insurance - Is it a Scam? What does it really cover?
- 04/02/09 07:22 AM
I have a homeowner (condo) and this is her primary residence, and it is in foreclosure. Pay off is roughly about $300,000. The offer is for $195,000 - CASH. Which by the way is about 10,000 under fair market value - of course that is reason for a whole new blog - what is fair market value when you 848 active listings, with only 13 sales last month? Needles to say I think this is a very good offer and I let the bank know this also.
Here is there response to me - by the way the names have been changed to protect … (6 comments)
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Posted on December 26, 2019 - 10:22 AM by Lance Owens Aloha, Lance Owens here at KonaHomeTeam.com (LUVA llc) bringing you the latest in real estate news. Every week we partner with some of the best minds in real estate to bring you what we think is important, in today's news we talk about rental rates, we all know Hawaii is about double the national average (go to bottom for a screenshot of craigslist) so just keep that in mind when looking at calculations. 
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