Hawaii Association of Realtors Bulletin
Helping our clients understand financing options...

This is the body of my most recent Hawaii Association of Realtor bulletin. It is designed for us (Realtors) to assist our clients understand the various financing programs out there and what to be cautious of. Rather than make you (my Clients or potential future Clients) ask me or a loan officer about these, I am publishing it on my website for you to study as you feel necessary. Many of you already are aware of what to be aware of, but there are always new programs that might be designed to lure consumers into a product that is not well suited for them.

Please read the following and ask me or your loan officer if you would like more information.

The National Association of REALTORS® has teamed up with several other organizations and federal agencies to produce brochures that will help prospective buyers make informed decisions on which kind of mortgage is best for them.

Specialty (Non-Traditional) Mortgages: What are the Risks and Advantages?
Produced jointly by NAR and the Center for Responsible Lending, this brochure will help your clients assess the risks and advantages of interest-only, negative amortization, payment option ARM, and 40-year mortgages.
 Download the Brochure >> or Download the Brochure (TEXT)>>
Realtor.Org Store Item # 126-105

Traditional Mortgages: Understanding Your Options
 While specialty mortgages may help make homeownership more affordable, they generate more risk and consumers should understand these risks before they choose a mortgage. This brochure, also produced jointly by NAR and the Center for Responsible Lending, explains that for most consumers, traditional fixed-rate mortgages and adjustable-rate mortgages (ARMs) continue to be excellent options.
Download the Brochure>> or Download the Brochure (TEXT)>>
Realtor.Org Store Item # 126-125

Learn About FHA Mortgages
This brochure, produced by NAR, FHA, and the Department of Housing and Urban Development, outlines the changes to FHA and how to qualify for an FHA mortgage, and other resources available from FHA, HUD, and NAR.
Download the Brochure>> or Download the Brochure (TEXT)>>
Realtor.Org Store Item # 126-128

How to Avoid Predatory Lending
Finding an affordable home loan with fair terms and reasonable costs is a crucial step towards achieving homeownership. Unfortunately, home buyers need to be aware that some lenders offer predatory loans that take advantage of consumers. This brochure, produced jointly by NAR and the Center for Responsible Lending, identifies the warning signs of predatory loans. It also gives consumers tips on how to avoid them, including questions they should ask when shopping for a loan.
Download the Brochure >> or Download the Brochure (TEXT)>>
Realtor.Org Store Item # 126-135