Joy Ortiz-Zimmer

Kauai Real Estate Gains Momentum

joyzimmer — Thu, 16 Jun 2011 14:11:37 +0000

The real estate market on Kauai is gaining momentum again and inventory is good! Home prices have fallen to levels previously seen at the beginning of the last decade. If you are on the fence and waiting for the Kauai real estate market to drop some more, the time has come to buy. The values are there and interest rates are forecasted to continue to climb this year, which is all the more reason to buy now! I have been told by Alan Zukerkorn of Hawaii Mortgage Company, Inc., a trusted lender, that the price of some loans will be going up at the end of the first quarter of this year. First time homebuyers and the military are particularly well positioned to realize their dream of home ownership with special programs and low interest loans that are still available. Now is the time to take that leap of faith before you find yourself spending more money to get your Kauai home because of rising interest rates and points. If you are ready to make your dream a reality and would like to discuss buying property on Kauai, please give me a call at Sleeping Giant Sotheby’s International Realty.

Joy Ortiz-Zimmer (RA)

(808) 635-8065 begin_of_the_skype_highlighting (808) 635-8065 end_of_the_skype_highlighting (c)

Joy@SleepingGiant.com

Unbelieveable Oceanfront Opportunity located on Wailua Bay!

joyzimmer — Thu, 16 Jun 2011 14:08:18 +0000

Lae Nani #114 is a Short Sale and definitely needs to be sold quickly. The Sellers want out!! Lae Nani is a very special project on the Eastside of Kauai and this unit is steps from the ocean and has beautiful views of ocean and pool. This one-bedroom condo has recently been upgraded with slate flooring and beautiful furnishings. There are very few full one bedroom oceanfront condos of this quality available for under $350,000.

New Good Faith Estimate Form for Mortgages is a Boon to Buyers Getting a Loan

joyzimmer — Thu, 16 Jun 2011 13:55:44 +0000

Tales of overcharging and unscrupulous lending practices by mortgage companies are commonplace these days. Because of the financial meltdown and the part these mortgage companies played, the Federal Government has created a new tool for Buyers in order to protect them from being overcharged for loan closing costs. This tool is the 2010 GFE (Good Faith Estimate) and it is designed to give Buyers all information about the expenses for their loan at the beginning of the escrow process. Once the consumer is given the GFE, the Lender is bound by those fees and is not able to change or hide costs at the end, and this includes the costs for the escrow process as well. The new GFE 2010 form is three pages. The first page should have the seal of the US Housing and Urban Development in the upper left corner.

Alan Zukerkorn of Hawaii Mortgage Company wrote the following in his most recent update: “Here are some simple rules to remember when shopping for a mortgage: The Lender must provide you the 2010 GFE within 3 business days of your application for a loan. The lender can not require you to provide any income or asset documentation as a condition of receiving the 2010 GFE. And the most important rule to remember is other than collecting a fee for the initial credit report, the lender cannot request any other money until the seventh (7^th) business day after your application day.

Now is a great time to invest in Real Estate and to make certain the experience is a pleasurable one.