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Hawaii Mortgages (HI)
Hawaii real estate has enjoyed a steady rise in value. According to the Honolulu Board of Realtors, the housing market is moving forward in its path toward stabilization. There is a renewed availability of housing on the islands, turning the market more in favor of buyers. Mortgage rates fell slightly in early April, making this a good time to purchase or re-finance a home in Hawaii.
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Quick Hawaii Housing facts
Percent of Hawaiians who own a home: 56.5%
Percent of Renters in Hawaii: 43.5%
Median Hawaii Household Income: $50,110
Average Hawaii credit score: 688
Best City to live in Hawaii: Mililani, Hawaii
Median Hawaii Home Value: $272,700
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How much house can I afford in Hawaii
Because of the high cost of housing, one of the biggest problems facing Hawaii homebuyers is figuring out how much house you can afford. We have some great mortgage calculators that can help you figure how much home will fit into your monthly budget. Don’t forget there are many other home options out there specifically for Hawaii residences. We work with local and national lenders to make sure that you get the best rate possible.
Refinancing in Hawaii
Paying off all your high interest debt could be only a few short days away, if you decided to refinance your home. Refinancing can lower your over all monthly payment, especially if rates are low, and help you get out of debt once an for all. Even if you don’t have a lot of equity in your home, there are loan programs that can lend up t0 125% of the value of your home.
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This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.
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| Type of Loan |
Rate* APR* |
| 5 Year ARM | 5.821% 5.033% |
| 15 Year Fixed | 5.243% 5.288% |
| 30 Year Fixed | 5.729% 5.717% |
| Home Equity Loan | 7.420% 5.740% |
| HELOC | 6.305% 6.990% |
| *Rate & APR Based on The Bradford Index |
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