Many people have the same dreams – finding that special someone, buying a home and settling down. This is an exciting time in your life, but how do you know you are ready to buy a home? Ask yourself the following questions to find out if now is the right time for you to make that down payment and start making those monthly mortgage payments.
Buying a home is a very exciting time, but it is best not to let your emotions run away with you. Now is the time to be practical, as a home is most likely the largest purchase you are going to make. Once you’ve found your dream home, you’ve probably asked your real estate professional to get an offer prepared for you, but there are a few steps you should take before putting in an offer.
Do you have questions about mortgage liens? This article could help answer your questions.
According to one source, the definition of a mortgage lien is “a legal claim against a mortgaged property, which must be paid when the property is sold.”
So to put it more clearly, if you have a mortgage on a property, then the amount you owe to the bank, also known as the mortgage balance, is the lien portion. When you decide to sell your property, the amount left on the mortgage lien needs to be paid to the bank before any profit can be distributed to you.
As a first-time home buyer or seller in Maui, you may not be familiar with some of the processes and terminology being thrown at you. This week’s article is going to answer the question “What is a home inspection?”
Wikipedia gives the definition of a home inspection as being “a limited, non-invasive examination of the condition of a home, often in connection with the sale of that home.”
Debt can be life-crushing to those who have it. It seems almost impossible to get yourself out of it, especially if you have a low income. It affects your lifestyle, your relationships and your health. Hawaiians have some of the highest debt loads in the country, including credit card and mortgage debt. Income in Hawaii doesn’t match the rising cost of living either, so residents just get deeper and deeper in debt.
There are ways you can bring yourself out of debt, even if you have a lower income. It will take some research, work and time.
While someone losing their home is never a good thing, it does bring opportunity to potential buyers of the foreclosed home. You may have heard the stories of people scoring an amazing bargain on home, simply because it was in foreclosure, but are these stories true? And is buying a foreclosure really a good idea?
Act 48 and the subsequent Act 182 worked to keep default homeowners in their home after the big recession hit Hawaii, although many detractors say that it didn’t help the majority of homeowners who needed it, for various reasons. This article looks into aspects to consider for buyers looking at foreclosures.
TripAdvisor is the quintessential source for everything travel. On their site you can find out the best places to eat, to visit and the best things to do. With millions of traveller reviews, their site is the most comprehensive travel review site in the world.
It is with great excitement that for 2016, TripAdvisor voted Maui as the #1 island in the entire world. That’s right – number one! It beat out other beautiful islands like Santorini, Jamaica, Bali and Bora Bora!
First-time homebuyers go into a house looking for that “feeling” that this could be their home, missing out on the warning signs that tell them not to buy. While the house might seem like the home of your dreams, buyers need to be careful not to buy with emotions and in turn miss out on the flaws in the home that could ruin your dream. There are four big warning signs you should look out for when viewing a home on Maui.
»Looking to make Maui your home away from home with a second home? Read on to learn what you need to know about buying a second home on Maui.
While Maui is consistently rated as one of the best islands in the world, in 2010, the Wall Street Journal also voted it the best place in America to purchase your second home. After scouting out locations around the world and speaking to homeowners, realtors, brokers and more, they found that not only are families who are looking rest and relaxation buying up Maui properties as second homes, but others are buying them for the investment opportunities.
This article examines what you need to watch out for when searching for a mortgage broker in the process of buying your Maui home.
First of all, why do you need a mortgage broker? A broker will find you the best rates and get you the best deal on your mortgage. Instead of you doing the research, they’ll do it for you and the lender is the one who pays the broker, not you. But, just because you aren’t paying them doesn’t mean you should choose the first broker you meet. There are a few things you should look for when vetting a mortgage broker when buying your home.