Honolulu, Hawaii July 22, 2022. Today’s interest rate of 4.125%/ 4.359 APR for a Jumbo Mortgage in Hawaii is an incredible mortgage option . This 4.125%/ 4.359 APR mortgage is comparable to conforming fixed 15-year mortgages. This mortgage provides for lower obligated monthly mortgage payments than fixed 15-year mortgage.
THIS MIGHT BE THE VERY BEST AVAILABLE JUMBO MORTGAGE TODAY!
Instead of a Fixed 15-Year Mortgage amortized for 15 years or an Adjustable Rate Mortgage with fixed periods of 1, 2 ,3, 5, 7, 10 years; this loan is fixed for 15 years and amortized for 30 years. This loan is called a 30/15 Balloon Mortgage. This mortgage allows for a smaller obligated monthly mortgage payment than the standard Fixed 15 Year Mortgage. Although there is a balloon payment after 15 years, you have the option to increase your mortgage payments to reflect 15-year amortization and pay off the mortgage in 15 years. This interest rate is better than the majority of available 2 point, fixed 15-year mortgage.
For Example: 30/15 Balloon Mortgage, $1,250,000 mortgage/loan requires a minimum monthly principal and interest payment of $6,058.12 for the first 15 years. A balloon payment is required after 15 years in the amount of $812,115.94.
If you have questions regarding mortgage options in Hawaii, please do not hesitate to call (808) 383-5931. If we are busy, we typically return calls in a few hours during normal working hours. Since we are located in Hawaii, we observe Hawaii Standard Time. When leaving a message, please repeat your number twice and speak your phone numbers slowly and distinctly. Also include your name.
Minimum requirements: Owner occupant purchase or refinance loan requiring a 30% down payment or 30% existing equity, credit >720, SFR, 2 points, 30-day lock. The interest rates and annual percentage rates (APRs), and underwriting criteria are subject to change without notice and may vary based on market movement. Monthly principal and interest payment in the example does not include amounts for real estate taxes and insurance premiums.