APFCU is Ready to Assist a New Generation of Homebuyers

HOMES-101914-3First-time homebuyers, especially those known as Millennials (about 18 to 32 years old), face unique challenges.

Having weathered the Great Recession and watched their parents and grandparents struggle, they now are saddled with student loan debt, more stringent lending restrictions, limited housing inventory and rising real estate prices. Some may be just starting out at entry-level jobs and have difficulty saving enough for a down payment; some may have a basic distrust of banks and debt.

And in Hawaii, the high cost of living is always a prime factor.

What is a Millennial or any first-time homebuyer to do?

Consult Aloha Pacific Federal Credit Union, a not-for-profit financial institution where the financial well-being of members is of the highest priority.

Aloha Pacific FCU is a full-service mortgage lender, offering competitive rates and low fees. In addition, APFCU’s Realty affiliate, CUSO Hawaii Properties LLC, provides personal, professional realty services and special discounts for APFCU members.

The American Dream lives!

More than 75 percent of Millennials surveyed last year by Better Homes and Gardens believe that, despite the financial turbulence of the last several years, owning a home is part of the American Dream and is a good investment.

And with interest rates still at historic lows but expected to inch higher in the coming years, now is the time to buy a home.

To prepare for homeownership:

* Think about what you need versus what you want. Can you start with a small condo and work your way toward a single-family home?

* Maintain a good credit history.

* Consider carefully what you can afford. What are the prices in your desired neighborhood? Will a fixer-upper do?

* Visit any Aloha Pacific Federal Credit Union branch or call 531-3711 for a free consultation to find out if homeownership is right for you and how APFCU can help make your dreams come true.

Membership ($100 in Regular Savings) required. Loans are subject to approval. Some restrictions may apply. Contact an employee for applicable fees and terms. Hawaii NMLS# 377314

Become a Member of Aloha Pacific FCU

“Building Lasting Relationships” isn’t just a motto at Aloha Pacific Federal Credit Union. It’s been the enduring mission for more than 75 years.

Generations of Hawaii families have benefited from APFCU’s higher dividend rates, lower fees, special youth accounts and member events such as Family Day movie screenings (the next one is “The Hunger Games: Mockingjay, Part 1” on November 23) and Member Appreciation Day at the 50th State Fair.

Not a member yet? You can be! Visit any APFCU branch to find out how.

Locations Hawaii
Michael Marks
Sandwich Isles Realty
Kimo Smigielski, Broker-in-Charge
R, ABR, CRS, GRI, e-PRO
Hawaii Life Real Estate Brokers
Emily Garcia
Agent, REALTOR(A), RS-77391
Coldwell Banker
DAY-LUM Properties

Edith Crabb, RB-8195
Coldwell Banker
DAY-LUM Properties

Glenn Takase, RB-18547
Coldwell Banker
DAY-LUM Properties

Misti R. Tyrin, RS-75836
Coldwell Banker
DAY-LUM Properties

David L. Skeele, RB-12882
Kauai Landmark Realty
Phil Fudge, RB-18576
Claire Keaton, RS-73854
Coldwell Banker
DAY-LUM Properties

Shea Miyashiro, RS-64678
Coldwell Banker
DAY-LUM Properties

Atsuko Winston, RS-75899
Coldwell Banker
DAY-LUM Properties

Mark Skeele, RS-77005