Aloha & Good Morning!
The current Maui temperature today will be a high of 83 degrees with plenty of sunshine!
People often ask me about owner financing and how do they find this type of property. Well you are in luck! I'm here to help you with just this type of property listing.
Not sure what owner financing is? This is a listing that will allow you to receive financing from the seller instead of getting a loan from a bank. For the seller, there are different types of owner financing that a may be offered. For home buyers, there are several key benefits for using owner financing. Some benefits include, minimal qualifying processes, customized financing, down payment flexibility, lower closing costs and faster possession.
Feel free to contact me to get more information.
I recently came across a beautiful beach front ground floor unit that is on the market and has owner financing available. Check out the details and click on the MLS# for more info!
This remolded 1bedroom/1bath vacation rental unit is located at the Sugar Beach Resort in Kihei. Features include a remolded kitchen and bathroom, private path off the lanai that leads to the putting green, pool, Jacuzzi & beachfront BBQ's. You can't miss the large ocean views with amazing sunsets and whale viewing! View MLS# 347220 - CLICK HERE FOR MORE INFO
Main Room
Remodeled Kitchen
Lanai with walk way to pool, Jacuzzi, BBQ & Ocean
Don't forget to get your name in for this year's exciting i-Pad giveaway! Check out the details HERE!
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Looking for the current Bank Owned Foreclosures on Maui? Click HERE.
Last Week In The News
Existing home sales rose 4.3% in January to a seasonally adjusted annual rate of 4.57 million units from a downwardly revised 4.38 million units in December. The inventory of unsold homes on the market decreased to 2.31 million, a 6.1-month supply at the current sales pace, down from a 6.4-month supply in December. Retail sales rose 3% for the week ending February 18, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 3.2%.
New home sales fell 0.9% in January to a seasonally adjusted annual rate of 321,000 units from an upwardly revised rate of 324,000 units in December. The initial December reading was 307,000. The November rate was also revised higher to 318,000 units. At the current sales pace, there's a 5.6-month supply of new homes on the market, the lowest reading in six years.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending February 17 fell 4.5%. Refinancing applications decreased 4.8%. Purchase volume fell 2.9%.
Industrial production at the nation's factories, mines and utilities was unchanged in January after advancing an upwardly revised 1% in December. Compared to a year ago, industrial production is up 3.4%. Capacity utilization fell slightly to 78.5% in January from 78.6% in December.
Initial claims for unemployment benefits for the week ending February 18 were unchanged at 351,000. Continuing claims for the week ending February 11 fell by 52,000 to 3.392 million, the lowest level since August 2008.
Upcoming on the economic calendar are reports on pending home sales on February 27, the housing price index on February 28 and construction spending on March 1.
Craig Haueisen is a Loan Officer with Prospect Mortgage. Please feel free to email him or call him for any of your Mortgage needs.
Office: 808-298-7549 or Email: craig.haueisen@prospectmtg.comClick here to visit Craig's website and apply online: http://myprospectmortgage.com/CHaueisen
