Admin | November 24, 2009
November 24, 2009
Nearly One In Four Borrowers Underwater
(Dow Jones) The proportion of U.S. homeowners who owe more on their mortgages than the properties are worth has swelled to about 23%, threatening prospects for a sustained housing recovery.
Nearly 10.7 million households had negative equity in their homes in the third quarter, according to First American CoreLogic, [...]
Admin | November 9, 2009
Check out the website ( in the link below ) for answers to all your questions about the Tax Credits.
Resource Website
Admin | October 23, 2009
Latest News in Mortgage Industry
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, [...]
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
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
Admin | July 15, 2009
Latest news on the new appraisal rules
Click on the link above for more information on what is happening now.
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 [...]
Gary Young | June 30, 2009
Don’t worry! Island Home Loans is still here and offering many new financing options! We are working on revising our advertising and did not get it completed before our old ad finished. Just as soon as we complete our new advertising brochures, flyers, mailers and newspaper ads, we will have the smiling faces of Island [...]
Gary Young | June 26, 2009
Are you in the process of building your dream home and things get a little more expensive than you had budgeted? If your are afraid of running out of money or to have your credit cards to their max, NOW is the time to get a Construction Completion loan. You can get enough money to [...]
