What do you know about HomePath loans?

April, 2012

Serving all of Hawaii

1325 S. Kihei Road, Suite 213

Kihei, HI 96753

808.874.7008

www.Loans4Hawaii.com

Hawaiian Marketing Services, Inc. NMLS #324325

dba Aloha Mortgage Loans

 We offer a wide variety of mortgage loan programs for purchase and refinancing in the state of Hawaii. These include USDA Rural 100% financing, HomePath mortgages, FHA, VA, Jumbo, Conventional, Streamline refinances, and more.

Take a hike Maui!

  Maui has a number of great hiking trails in a variety of environments around the island. Many of these hiking trails are easy and provide amazing views of natural wonders. Below is a short list of the easy and moderate hiking trails you may enjoy exploring.

The Plum Trail

Trail Length:      1.7 mi.

Activity:           Pedestrian

Difficulty:         Moderate

Terrain:               Forest

Elevation Gain:   600 ft

Park Name:    Polipoli Spring State Recreation Area

Trail begins at the old Civilian Conservation Corp. area and climbs gradually across the mountain through a planted forest of ash, redwood, sugi, and other species until it joins the Haleakala Ridge Trail. Numerous plum trees bearing fruit during the summer can be found along the trail.

From Kahului, take Highway 37 past Pukalani to the second junction of Highway 377. Turn left on 377 for about 0.3 mile, then right on Waipoli Road. This becomes Polipoli Access Road at the first cattle guard and climbs up the mountain through a long series of switchbacks until it enters the forest at 6,400` elevation, where the pavement ends.

Enjoy Maui on foot, take a Hike!!

The Home Path Loan

   As most of you know, the majority of US home mortgages are insured by either Fannie Mae or Freddie Mac. So, when a home goes all the way through the foreclosure process, the lender it ends up with is often either Fannie Mae or Freddie Mac. End result is Fannie and Freddie own a lot of real estate and needs to sell it. But how do they do that in today’s market?

With HOME PATH!!

How does Fannie Mae sell its homes?

They use local real estate professionals to prepare, maintain, and list their properties for sale. All properties are listed on the Home Path website –

www.homepath.com – and most have photographs, property descriptions

and other details, like school and neighborhood information.

Do I have to use a special real estate agent?

No. You may work with any real estate sales professional to submit

an offer on our properties. However, Fannie Mae only accepts offers

through our real estate listing agents.

There’s just one more critical step before starting your search with Home Path: that’s talking to a lender and getting a pre-approval for financing. This is important with Home Path Homes. Home Path properties are hot and usually get into escrow as soon as they're listed, thus the importance of having buyers prequalified.

• This saves time by letting you search for homes within the pre-approved,

affordable price range.

• Having this letter is also critical to showing the seller (in this case,

Fannie Mae) that you have a serious and qualified buyer. Now find a

house and you’re ready to submit an offer.

Keep in mind that a loan pre-qualification or pre-approval letter

doesn’t mean your loan is approved yet. You’ll still need to apply for

a loan once you have an accepted offer on a house.

Quick financing features for the Home Path Loan;

• Low down payment and flexible mortgage terms (fixed-rate,

adjustable-rate, or interest-only)

• You may qualify even if your credit is less than perfect

• Available to both owner occupants and investors

• Down payment (at least 3 percent) can be funded by your own

savings; a gift; a grant; or a loan from a nonprofit organization,

state or local government, or employer

• No appraisal required

• No mortgage insurance

Now that you have the info on Home Path, here at Aloha Mortgage Loans we are experts with Home Path, so call us and we can walk your clients through the loan process.

ALOHA MORTGAGE LOANS

1325 S. Kihei Rd., #213

Kihei, HI 96753

(808) 874-7008 Office      

(888) 879-8261 Fax

At Aloha Mortgage Loans, we are experienced, licensed professionals that care about your client. We will take the time to explain all their options, even provide suggestions to help improve your credit. If you want your client to ge the best loan program available and the best service on Maui, send them to Aloha Mortgage Loans.

<--------- Click to like us on facebook!!

 * Like us on facebook and get even more access to Aloha Mortgage and its affiliate's .

Facebook "fan" pages offer an effective and low-cost way of social media marketing. Imagine having your buyers as facebook "fans"...... you could get featured listings out to all of them at the same time. Also, networking with others in the buisness becomes streamlined. Call us today if you are new to facebook and we will be happy to help you get your "fan" page set-up!

Try Aloha Mortgage Loans!

Stop searching! The reliable mortgage broker you've been looking for is right here! We're known for closing loans other people can't and getting your clients qualified for more!