I'm the perfect balance of savings and service in Hawaii Real Estate!

Office Phone:  (808) 593-4444 Ext 102

Buying Kailua Real Estate

In all of our wonderful country there's no better place to live and shop than in Kailua, Hawaii - so seriously consider buying Kailua Real Estate. It's the one decision you'll never regret!

But what do you do if your dream home pops into your life before your current home sells? Here's some advice to think about if you plan on buying Kailua Real Estate:

Obtain a bridge loan when buying Kailua Real Estate.

A short-term loan "bridges" the financial gap which occurs when you buying your Kailua new real estate property before selling your current Kailua home. A bridge loan is not for everyone however, but if you are financially strong, have considerable equity in your current Kailua home or have a sizeable down payment for your new Kailua home, a bridge loan may be just the right ticket to buy Kailua real estate.

Obtain a home equity loan when buying Kailua Real Estate.

If you have considerable equity in your home, most lenders will allow you to borrow up to 75% of your home's value--sometimes more depending on your total financial health. Usually, closing costs for a home equity loan are less than those for a bridge loan. So, when buying Kailua Real Estate, it's mandatory you get top flight financial advice from your banker or professional realtor.

Rent your current home when buying Kailua Real Estate.

If you rent your current home, you may be able to cover a portion, or all, of your monthly mortgage payment on that rental home. Lenders normally consider 100% of your current mortgage payment as debt but only 75% of the rent as income (a "vacancy factor"). Rent your current home on a month-to-month lease, with showing privileges, so that you can continue to list your property for sale. Even if you need to accept a lower rent, find a tenant who will keep your home in top showing condition while you in the process of buying Kailua Real Estate.

Buying Honolulu Real Estate | Buying Kailua Real Estate | Honolulu Region Information
Kailua Real Estate | Oahu Hawaii Information | Oahu Real Estate Market | Selling Honolulu Real Estate

© 2005 Susan D. Bowman, Realtor - Hawaii Discount Realty
Hawaii Discount Realty is a real estate broker licensed in Hawaii and located at 1259 So. Beretania St., Suite 20, Honolulu, HI  96814
Office Phone:  (808) 593-4444 Ext 102 ● Office Fax:  (808) 593-2090 ● Email:  susan@hihomes4u.com