There has been much press recently on bankruptcies, the closing of loan offices and layoffs that are the natural fallout of some national lending institutions and their practice of risky lending, unstable mortgage rates and weak underwriting standards all in done in an effort to lend to marginally qualified Buyers.
If you have been considering purchasing real estate for investment or as a personal home, all of this press may have you wondering. Most of the abusive lending practices have occured in the subprime market on the mainland. You can be confident that the local Hawaii lenders have maintained their standards and have carefully and wisely followed proper guidelines.
At Trinity Properties, our sales agents have fostered and maintained excellent relationships with local lenders who have a long history of professional and prudent standards. These relationships are an added value for our clients who may not have been buying real estate for as long as we have been selling it. During these changing times, it is reassuring to know that our years of successful and ethical real estate experience can be trusted.
Tuesday, August 28, 2007
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