Pledge Your Support!

Admin | July 24, 2009

Saturday, August 22nd from 7am-10am is the 2009 Walk-a-thon presented by Hale Aloha O Hilo Habitat for Humanity.
This is a great organization that helps our local families achieve pride and home ownership.
For more information about participating or donating to the cause, you can go to their website www.hilohabitat.org
Go Team Island Home Loans!!

$8,000 First-Time Home Buyer Tax Credit Expires December 1, 2009

Admin | July 23, 2009

If you’re planning to claim the credit and haven’t started looking for a home, your clock is now officially ticking. You must be closed on your new home on or before December 1.
Based on a purchase closing of 60 days; your $8,000 is in jeopardy unless you go under contract prior to October 2, [...]

Mortgage Applications on the Rise Again

Admin | July 22, 2009

http://ping.fm/U5kvB
Mortgage applications  are on the increase despite borrowers concerns of unemployment.
Click on the link above to read the article from CNN Money.com

Financing and Lava Zones 1 and 2

Admin | July 20, 2009

Mortgage giant Fannie Mae officially declared in its June selling guide that it would no longer purchase or securitize mortgage loans in the Big Island’s lava zones 1 and 2, where the probability of lava flows is greatest.
Here is a link to the full article in the Star Bulletin
http://www.starbulletin.com/business/20090719_Lava_loan_meltdown.html

New home appraisal rules create an uproar in the industry

Admin | July 15, 2009

Latest news on the new appraisal rules
Click on the link above for more information on what is happening now.

Freddie Mac puts Education on YouTube

Admin | July 14, 2009

Stop Foreclosure YouTube 
Here is a kind of educational video that can be both worthwhile and necessary to people facing financial trouble and possibly foreclosure of their home.
Remember lenders don’t want to own your home, they have enough of them already. If people are prepared when they call for assistance, it will most likely make the process smoother. Not [...]