Honolulu Real Estate News

Monday, October 16, 2017 from 9:00 am - 11:00 am
Ala Moana Pacific Center - 1585 Kapiolani Blvd., #1533, Honolulu, HI 96814

Presented by: Percy Ihara - Reverse Mortgage Specialist

• LIMITED seating, RSVP recommended*
• Contact: Scott Sakata, REALTOR,
Seniors Real Estate Specialist (SRES)
Phone: 808-228-4916 or email: ScottSakata@hawaii.rr.com

Many families worry about the financial future of their retired parents.

For peace of mind and the well-being of your parents, it’s important to talk with them about the kind of financial help they may need to “age in place.” Most people want to live out their years in the home they have lived in for many years, a place full of memories and familiar surroundings.

If your parents or any other family members are 62 or older, it may be helpful to learn about reverse mortgages, a strategy that offers many options, including aging in place, help paying bills, funds for home improvements or travel, or financial means to help children and grandchildren. If you have heard about the reverse mortgage financial loan program from someone other than a professional loan officer, you may not have all the facts.

Reverse mortgage programs turn a portion of home equity into cash, which is then paid to the borrower either as a lump sum, in fixed monthly installments or as a credit line. Eligible homeowners ages 62 or older continue to own and live in their home until the last spouse passes on. The loan is not repaid until the borrowers leave or sell the home. The amount of the mortgage depends on the age of the youngest spouse, the home’s market value, and the specific reverse mortgage program and interest rates. You can see that a reverse mortgage program for your neighbor could be very different from yours.

During the program, which lasts as long as the borrowers live, they are still responsible for paying property taxes and homeowners insurance, and keeping the house in reasonable condition; recent programs even have options to set aside funds for property taxes and homeowners insurance, if necessary.

Come learn how a program like this can help your parents live better today and be more prepared for the future. Sometimes a reverse mortgage is the one option that will allow your parents to stay in their favorite home for life. Planning and looking at all options allows you and your parents to choose what they want to do, instead of leaving their future up to chance.

Posted in:General
Posted by Scott Sakata on September 28th, 2017 4:45 PM
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Posted by Scott Sakata on September 28th, 2017 4:41 PM
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Posted by Scott Sakata on May 15th, 2017 5:13 PM
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Posted by Scott Sakata on May 25th, 2016 6:02 PM
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Listings Photo
$615,000.00
94-1250 Kahuanui Street

Waipahu, HI 96797



Beds: 3 Rooms: 0
Full Baths: 2 Sq. Ft.: 1768
Garage: 0 Built: 1967
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Scott Sakata
iProperties Hawaii
8082284916
www.scottsakatarealtor.com



 
  Visit this listing here
Posted by Scott Sakata on May 6th, 2015 3:04 PM
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Listings Photo
$315,000.00
95-510 Wikao Street, N201

Mililani, HI 96789



Beds: 2 Rooms: 0
Full Baths: 2 Sq. Ft.: 782
Garage: 0 Built: 1992
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Scott Sakata
iProperties Hawaii
8082284916
www.scottsakatarealtor.com



 
  Visit this listing here
Posted by Scott Sakata on April 2nd, 2015 1:59 PM
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Listings Photo
$244,000.00
2222 Citron Street, #1902

Honolulu, HI 96826



Beds: 2 Rooms: 0
Full Baths: 1 Sq. Ft.: 852
Garage: 0 Built: 1980
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Scott Sakata
Shirokiya Residential Estates LLC
8082284916
www.scottsakatarealtor.com



 
  Visit this listing here
Posted in:General
Posted by Scott Sakata on October 24th, 2014 3:20 PM
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Listings Photo
$668,500.00
6770 Hawaii Kai Drive, #1001

Honolulu, HI 96825



Beds: 2 Rooms: 0
Full Baths: 2 Sq. Ft.: 1478
Garage: 0 Built: 1974
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Scott Sakata
Shirokiya Residential Estates LLC
8082284916
www.scottsakatarealtor.com



 
  Visit this listing here
Posted in:General
Posted by Scott Sakata on July 2nd, 2014 6:22 PM

It’s time for my next Senior Seminar and I hope you’ll be able to attend.

As many Seniors age, their home represents one of their biggest assets. Within the last few years on Oahu, the real estate market has been on the rise which has given many homeowners more equity in their properties. Many people look to their home equity to financially assist them through their "golden years". There are 3 options to get income from one’s home:

  1. Sell it

  2. Rent it

  3. Borrow from it

With option #3 you can borrow from a home through a home equity line of credit or obtain a reverse mortgage. A Reverse Mortgage is a great way for Seniors to improve their lifestyle. It can be used to pay off bills and insurance, supplement your retirement income, do home improvements and pay for your long term care.

The next featured speaker to speak about aging in place and reverse mortgages will be:

 

  • Percy Ihara - Hawaii Sales Manager for Senior Lending Hawaii - Percy has over 25 years of mortgage experience of which the last 10 years as a Reverse Mortgage Specialist. His presentations and seminars are requested weekly by senior clubs, Rotary and Lion’s clubs, church groups and retirement organizations. Percy provides a wealth of information on Reverse Mortgages with regard to one’s financial independence and aging in place. He is committed to the mature market community with his public service as the Executive Producer and host of "Generations Radio". He is also the publisher/editor of Generations Magazine with goals to provide valuable and resourceful information for life. He will talk about the most frequently asked questions about reverse mortgages and how it can assist you to comfortably age in place in your own home. There is some confusion when it comes to this topic, but Percy presents it in a very simple, easy-to-understand manner. You will not want to miss this.

     

  • When: Friday, May 30, 2014  – 9:30am – 11:00am

  • Where: My office –   Ala Moana Pacific Center, 1585 Kapiolani Blvd., #1518

You can park at the top level of Ala Moana Shopping Center by Macy's. We are in the blue glass building with the escalator.

 

Please feel free to invite others you know who would benefit from this information. Light refreshments will be served so I would like to have a headcount of those who will be attending. Please RSVP with the number of people attending by May 23. Call me at 228-4916 or email: scottsakata@gmail.com. I look forward to seeing you soon!

 

PS: The last seminar was very full, so please don't forget to call me and reserve

your seat!

Posted in:General
Posted by Scott Sakata on May 22nd, 2014 11:42 AM
FREE VA Home Loan Seminar

 

Please come & learn the in's & out's of this awesome benefit for Veteran's & Active Duty Military.

This seminar is for anyone who is or was in the military as: veteran, active duty, reservists or National Guard.

 

Date: Tuesday, May 27, 2014

Time: 6:00 - 8:00PM

Place: Veterans United Educational Center - 94-539 Puahi Street, Waipio, HI 96797

 

VA Home Loan Benefits:

* No down payment 100% financing up to $721,050 in Honolulu county including VA funding fee.

* No PMI (private mortgage insurance). VA guaranties 25% of the appraised value of the home allowing the veteran not to have to pay for PMI.

* The Veteran can refinance their current VA loan to reduce their interest rate & include closing costs without qualifying, regardless of property value.

* The seller can pay all or part of the closing costs associated with the process & closing of the mortgage.

* Disabled veterans rated at 10% or higher are exempt from funding fee.

* No prepayment penalties.

* Cash out refinances up to 90% of appraised value.

 

Please let me know if you'd like to attend.

Call Scott at 228-4916

Posted in:General
Posted by Scott Sakata on May 20th, 2014 12:05 PM

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