Special offer

Reverse Mortgage for Hawaii Home Owners 62 Years and above.

By
Mortgage and Lending with Kamaaina Mortgage Group Inc.| Equal Housing Lender, NMLS 1276471 - NMLS 312260 NMLS# 312260 / 1276471

A reverse mortgage on the Hawaiian Islands is a unique tool designed for seniors 62 and older as an innovative financial planning strategy for Citizens on Maui, Molokai, Lanai,  Oahu, Kauai, and Big Island. Imagine enjoying monthly loan proceeds from the years you've invested in your home without the obligation of a monthly mortgage payment.

There are many benefits of a reverse mortgage but one of the most notable might be the pleasure of accessing part of the equity in your home and having the comfort of remaining in the home you have come to know and love for many years.

A reverse mortgage is available on primary residences and no repayment is due until the home is sold, or the last borrower passes away or permanently leaves the home. Because there are no required mortgage payments on a reverse mortgage (HECM Mortgage) , the interest is added to the loan balance each month.

Proceeds from a reverse mortgage are not subject to personal income taxation, but borrowers should seek tax advice from a Licensed Tax Advisor on the Hawaiian Island, on how proceeds may affect government needs-based programs such as Medicaid and Medi-Care. Borrowers must continue to keep the home in good condition, pay property taxes to the Maui/ Oahu/ Big Island or Kauai County Property Tax Office and continuing to pay homeowner's insurance to avoid the loan becoming due and payable.

One important factor to keep in mind is that the borrowers of a reverse mortgage             (HECM Mortgage)  retain ownership and title to their home in Hawaii. For homeowners taking advantage of a reverse mortgage who have been building up equity in their home for years, their home will remain theirs just as it was before.

Don't let the myth that reverse mortgages are too complex deter you from taking advantage of its valuable features. Schedule a free consultation today with George Thoma of Island Lending Hawaii LLC.

 

George Franz Thoma

Branch Manager  |  NMLS 312260

P. 808.357.9791| F.  808.441.5341| E. gthoma@ilhillc.com

Apply Here:   |  Text: ApplyHI  To: 48421 

Island Lending Hawaii , LLC

33 N. Market Street, Suite B201, Wailuku, HI 96793 ( Maui Branch  NMLS 1753950 )

 

Confidentiality Notice:

This communication may contain information that is proprietary, privileged or confidential, or otherwise legally exempt from disclosure.  If you are not the named addressee,you are not authorized to read, print, retain, copy or disseminate this message or any part of it.  If you have received this message in error, please notify the sender immediately by email and delete all copies of the message.  Main Branch Location is at , 735 Bishop Street, Suite 237 , Honolulu, HI 96813  ( Honolulu Branch NMLS 1460208 )  Island Lending Hawaii is Licensed to Originate on All Hawaiian Island having Bricks and Mortar Branches on Oahu and Maui  ,  A Equal Housing Oppurtunity ,  Thank you

Comments (1)

Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good morning 

Thank you for sharing your information with us 

Have a great day.

09/11/2018. 

Sep 11, 2018 05:49 AM