Honolulu Real Estate Views » down payment http://honolulurealestateviews.com Views on trends affecting Honolulu real estate Fri, 16 Dec 2011 21:00:05 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Buy Now? Or Save More Money For A Bigger Down Payment? http://honolulurealestateviews.com/2010/03/11/buy-now-of-save-more-money-for-a-bigger-down-payment/ http://honolulurealestateviews.com/2010/03/11/buy-now-of-save-more-money-for-a-bigger-down-payment/#comments Thu, 11 Mar 2010 19:03:47 +0000 Keahi Pelayo http://honolulurealestateviews.com/?p=4746 In today’s video blog, I discuss whether you should buy a Honolulu condo or home now, or wait a few years to save more money for a bigger down payment.

Click here to view the embedded video.

SEARCH FOR YOUR HONOLULU HOME

If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093.  You can email me at keahi@lava.net.

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]]> http://honolulurealestateviews.com/2010/03/11/buy-now-of-save-more-money-for-a-bigger-down-payment/feed/ 0 5% Down Conventional Loans Coming Back To Honolulu? http://honolulurealestateviews.com/2010/01/13/5-down-conventional-loans-coming-back-to-honolulu/ http://honolulurealestateviews.com/2010/01/13/5-down-conventional-loans-coming-back-to-honolulu/#comments Wed, 13 Jan 2010 18:58:55 +0000 Keahi Pelayo http://honolulurealestateviews.com/?p=3774 Yesterday, an anonymous source at one of the Hawaii’s major lenders told me that within the next few weeks they would have conventional financing with a minimum down payment requirement of 5% of the purchase price.  Since the mortgage market melt down the minimum conventional loan down payment was extended from zero (this was crazy) to 10% down.  An even bigger issue has been the tightening of lending guidelines.  I will be the first to say that the guidelines needed to be more stringent, however, it is my opinion that the lending community overreacted and made it much too difficult to get a mortgage.  So why am I “crowing” about the decrease in required down payments?

In order for the Honolulu real estate market to “turn”, lenders will need to be willing to loosen their lending rules and provide financing for buyers that cannot currently qualify for a loan.  This reduction in down payment may signal a shift in the lending communities mass psyche and could portend more available financing in the near future.  As more money is available for loans, you will see values start to move in a positive direction.  This change will be good for home and condo sales as well as Hawaii’s overall economy.

SEARCH FOR YOUR HONOLULU HOME

If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093.  You can email me at keahi@lava.net.

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