Hawaii Home Loans
You can find Hawaii Home Loans and information for relocation here!
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Hawaii is a tropical paradise that covers over 10,000 square miles and has 8 main islands with a population of over 1 million. The economy consists mostly of agriculture and industry with tourism being a big part of that. Many wonderful tropical fruits are grown and exported including sugarcane, pineapples and macadamia nuts. This state offers a laid back lifestyle and great weather. Although prices can be rather expensive (the cost of living is the second highest in the US), the beautiful climate and culture more than make up for that.
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Looking for Hawaii Home loans is no different
than looking in any other state. Here's an article
by Syd Johnson that has some great tips on where to
look for mortgage loans.
Where can I get a home loan? Here Are The Top 5
Mortgage Lending
Institutions
There are hundreds of sources for home loans online
and right in
your neighborhood. Banks, Credit Unions, Mortgage
Bankers,
Government Agencies and Private Sellers all offer
different
sources of financing for anyone shopping for a
mortgage.
Neighborhood Banks One of the best resources for
getting a home
loan is your neighborhood bank. Depending on the
length of your
relationship with the bank and the amount you have in
you
checking or savings account, you might be sent out
letters and
emails inviting you to apply for a loan. If you are
generally
satisfied with the quality of the service that you
receive form
your bank and they are offering a great interest rate,
don't
walk away.
Even if the offer is not quite what you're looking
for, walk
into the nearest branch, and ask to speak to a loan
manager.
Once you are there, make your case in person for why
you would
like a certain loan or feel that you deserve a better
interest
rate. Most banks, especially the ones in larger
cities, are part
of a larger conglomerate or depend on a large
conglomerate to
finance items such as a home loan. Go through the
process with
the loan officer, but don't be surprised if you
don't get an
answer on the spot. It might take a day or two.
Credit Unions Some of the lowest rates on any
type of loan
product such as student loans, mortgages and personal
loans can
be found through a credit union. If you are eligible
to join a
credit union, sign up and set up a savings account
with small
monthly deposits. This way, you can use the resources
of the
credit union when needed.
Mortgage Bankers These firms deal exclusively
with home loans
and give you the widest possible selection of home
loan
products. You can find local and national Mortgage
Bankers by
doing a quick search on Google or Yahoo. Go to the
website of
several different firms, fill out an online
application and you
can be approved in a few hours.
Government Agencies The agencies that lend
mortgage money
include the Federal Housing Authority (FHA),
Veteran's
Administration (VA) and the Farmers Home
Administration (FmHA).
Contact each agency directly to see if you meet their
requirements.
Private Sellers An often overlooked financing
alternative is to
see if you can lease a property from a homeowner with
an option
to buy later on. If the homeowner has the resources,
they can
also finance your move in with a low interest loan.
Check out these resources individually or discuss your
options
with a loan officer.
About the author:
Syd Johnson is the Executive Editor of RapidLingo.com,
a
Financial Solutions Website. You can see more articles
at
http://www.rapidlingo.com
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