Purchasing a home is one of the biggest financial decisions most people make in a lifetime. In Hawaii, where real estate prices continue to climb, the thought of signing a mortgage for hundreds of thousands of dollars can be daunting.
Aloha Pacific Federal Credit Union’s real estate and mortgage specialists are ready to guide you from beginning to end, helping make the process as smooth as possible. Having assisted so many Island families, they’ve seen and heard just about everything, including a sort of wish list of things homebuyers wished they’d known that might help future homebuyers:
I wish I’d checked my credit score:
Checking your credit history and credit score can be crucial because the higher your score, the more likely you are to receive the best possible mortgage rates, potentially saving you thousands of dollars.
Checking your credit report is a good beginning, because you might find errors that would lower your credit score. You might even discover you’ve been the victim of identity theft if there are mysterious credit cards or other loans you knew nothing about.
Consumer Tips: You can check your credit reports for free once a year by going online to www.AnnualCreditReport.com. A good credit score is essential not only for the best rates on mortgages, but also for credit cards and auto loans. Also, potential employers may ask to check your credit history.
I wish I’d known how long the homebuying process could take:
Buying a home requires patience and planning. Think about what you need versus what you want. How many bedrooms, bathrooms? What neighborhood is preferred? New home or a fixer-upper? Condo, townhouse, or single-family home? Most importantly, what can you afford?
Because mortgage rates are still at historically low levels, this is a good time to buy, so having a professional by your side, to help you focus on your needs, is essential.
APFCU, through its affiliate CUSO of Hawaii Properties LLC, can guide you through properties and help you figure out how best to finance the home. In addition to personalized service, APFCU offers competitive rates and fees and special discounts for members.
Call 531-3711 or visit any branch of APFCU for all the details.
Membership ($100 in Regular Savings) required. Loans are subject to approval and may change at any time. Some restrictions may apply. Contact branch staff for applicable fees and terms. Hawaii NMLS# 377314
Not yet a member of Aloha Pacific FCU? It’s always a good time to join and reap the benefits of membership.
APFCU, chartered more than 75 years ago, has been “Building Lasting Relationships” with generations of Island families. Besides mortgages, the credit union offers all the financial products members need, including savings and checking accounts, special youth accounts, Visa credit cards, auto and other personal loans, a Home Equity Line of Credit, and much more.
Other benefits include exclusive Family Day movie screenings and Member Appreciation Day at the 50th State Fair.
It’s easy to join. Visit any APFCU branch or alohapacific.com, or call 531-3711.