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Avoiding Financial Stress

By asking the right questions, and knowing exactly what your needs are, you can find the right loan for you. There are certain approaches that you can take while mortgage shopping that can cost or save you money.

It is still true that the better qualifications you have, the lower your interest rate will be. However, there are mortgages available for almost everyone; it's the interest rates or the down payments that vary.

Before speaking with a lender, know what monthly dollar amount you feel comfortable committing to. Then when you discuss mortgage pre-approval with your lender, it is easier for you to determine the monthly amount and what value of home the monthly amount translates into. Do not put yourself in the position where you will be paying more each month than you intended simply because the dream home requires it.

Do your research on the types of mortgages available to you and find the one that best suits your needs. There are a number of considerations to be made in terms of finding the best mortgage for each individual:

  • What type of market are you in? Are the interest rates falling or rising?
  • Do you want a fixed mortgage rate, where you will always know what your payment is going to be?
  • What are your long-term goals? Do you intend to resell the property? Do you only need the mortgage for a short time?
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Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

Linda Kay Okamoto R (B), CRS, GRI
338 Eighth Street
Lanai City, HI 96763
808-559-0200
kay@okamotorealty.com
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Testimonials

Kay Okamoto has managed our family's real estate projects, ranging from seasonal rentals to complicated sales. She has done all of that work with impeccable ethics, professionalism and smarts. She is one terrific real estate professional. Robin
I can't thank you enough for all of your assistance. You went above and beyond the call and it has helped us immensely. My wife had a stroke almost six years ago. At the time, we had been doing well financially, but the hospital bills and time off hurt us immediately. This is the first time in six years we have been completely current (except a few hospital bills) and still had a little money set aside. Josh

Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

CRS - Certified Residential SpecialistEqual Housing OpportunityGRI - Graduate, REALTOR® InstituteMLS membershipREALTOR® certification