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:
Sell it
Rent it
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
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!
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
Here are today’s rates from Pacific Access Mortgage:
3.875% at 2.125% points 4.089% APR
4.00% at 1.250% points 4.204% APR
4.125% at 0.1250% points 4.174 APR
Refi points are 0.50% higher.
Any questions call Joy Skorge, Senior Vice President
NMLS# 310887
1314 South King Street, 2nd Floor
Honolulu, Hawaii 96814