Sponsored by Hawaii State Federal Credit Union
In addition, the Federal Housing Finance Agency recently announced that they are removing their 0.50% adverse market fee, making now the perfect time to refinance your mortgage.
The average starting mortgage in the state of Hawaii is currently $500,000, so if you can reduce your mortgage by only 1%, you can save about $100,000 in the next 30 years. If you know when you plan to retire and you want to match your mortgage payoff to the year you retire, locking in your interest rates now can help you gain the maximum payoff when it comes time. If you are planning to pass your house down to the next generation, locking in those interest rates now ensures that your children and their children get to keep low interest rates as well.
HSFCU offers long-term mortgages that many other lenders do not offer. It also keeps the servicing on its loans in Hawaii rather than outsourcing services to the mainland. This makes it easier for you to reach out, ask questions and make the decisions that are right for you and your family.
Those who submit a mortgage application prior to August 31 for primary residents’ conventional loan transactions will have their appraisal costs waived and HSFCU will give you a credit of $1500 towards bills and costs.
For more information: hawaiistatefcu.com