Captain Cook Luxury Home – SOLD!

My Buyer clients recently closed escrow on this sensational custom built home in Captain Cook! To say they are absolutely delighted with their purchase would be an understatement!

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After spending time on island exploring a variety of offerings from locations near the water on Alii Drive, to the coffee belt in Holualoa, my Buyers decided this was the home for them.

They loved the tranquility, huge ocean views and privacy the location provided. To top it off, the parcel size was a little over 5 acres!

After discussing strategy, we made an offer on the home – negotiated abit with the Sellers, and went into escrow. Buyer and Seller worked wonderfully together through the escrow period and after all was finished, I was able to assist the Buyer in getting settled into their new property.

What a spectacular location to call home!

Hawaii Luxury Property, Hawaii Luxury Real Estate, Kona Real Estate For Sale, Kailua Kona Real Estate, Captain Cook Luxury Homes For Sale,  Million Dollar Listings Hawaii, Kailua Kona Realtor, Top Producing Agents Hawaii, Oceanview Homes In Hawaii, When you are ready to begin your luxury home search in Hawaii – make sure we talk. You want a REALTOR®, Broker who is experienced in the luxury market, and who can best represent you and your interests.

Enjoy the weekend!

 

Hawaii Luxury Real Estate: Jumbo Loans and Current Rates

As Buyer’s continue to take advantage of great pricing on some of West Hawaii’s luxury options, a variety of lenders are coming forward with attractive financing options.

I wanted to share a snapshot of current rates with my readers in Hawaii’s luxury market so they can get an idea of how attractive rates are right now!

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In Hawaii, A “jumbo loan” is made on a property where a Buyer is obtaining a mortgage of more than $625,500. To be clear, this isn’t a purchase price of over $625,500, this is a loan amount of over $625,500.

As confirmed with an on island lender I work with earlier this morning, purchased as a second home, 20% down and loan amount up to $1,000,000 rates below are applicable. Higher loan amounts are available, at slightly higher rates/amount required down.

4.25% – No Points – APR 4.098%

4.125% – 0.50 Point – APR 4.182%

4.00% – 1.00 Point – APR 4.265%

As you can see, these rates are fantastic! They mirror and almost beat current conforming loan amounts.

An important point to remember while shopping for your mortgage – is how you get your loan.

If you walk into the “Bank of Kona” – they may agree to give you a loan, on their terms and pricing. They may be offering specials, or rebates to sweeten the deal. They are however, selling you their product.  A mortgage broker works for you, the client, to get the best rate available, out of a wide variety of potential lenders. There is certainly the possibility that you may find a better rate and terms offered via this route.

I work with a variety of on island lenders who are available to discuss options and lending scenarios that best fit each purchaser’s need.

When you are ready for your Hawaii purchase – make sure your interests are represented by a proven REALTOR®, who has experience in the luxury market!