Posts: 1,516
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Well we're talking to Howard Dinits and he's got someone in mind...my friend works in Encino, CA for a mortgage broker...she said HER firm won't loan to 1 or 2...so now we'll talk to Howard's person. We may not even need a mortgage banker in the long run but need to get pre-approved just in case we DO go that way.
Oh yeah - Howard - that website doesn't exist on MY computer...I just would like to see the actual lines of demarcation - as it were, hehehehe
Mahalo All!
Carrie Rojo
http://www.cafepress.com/dreamhawaii
http://www.hellophoenix.com/art
P.S. IF YOU JUST OMIT THE /KILAUEA PART OF THE LINK HOWARD LEFT...IT'S A PRETTY COOL SIGHT, ALBEIT THERE IS STILL NO ACTUAL INDICATION OF WHICH PARTS OF WHICH VILLAGES; SUBDIVISIONS ARE INCLUDED IN WHICH ZONES ON THE FLOW MAP...
Edited by - Carolann R on 05/18/2006 12:58:45
Posts: 2,314
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All these mainland and internet brokerage firms promise you the moon but can't deliver anything. I had only two mainland loans go through in the past five years and even those came through with extensive delays. There are real estate companies advising their seller clients not to accept offers with mainland financing contingencies now and I fully understand why. Most mainland mortgage brokesr have no clue about lava zones, leasehold, condotels, etc. Get local financing, they offer competitive rates and terms.
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
75-5870 Walua Road, Suite 101
Kailua-Kona, HI 96740
(808)327-3185
Posts: 88
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Joined: Jan 2006
Try going to
http://pubs.usgs.gov/gip/hazards/maps.html for a map of the Big Island showing the lava zones. You can reach the URL I previously posted if you are within the
http://pubs.usgs.gov site, but not from outside it; it provides not only current zones but a historical record of areas affected by different Kilauea eruptions. I don't know of any online map which specifies individual towns or subdivisions by name.
Howard Rosen thal
Posts: 2,402
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I agree with John that local is better and here is why.
When as a single woman getting a loan back in the day when single women were looked at funny by mortgage bankers and car salesmen, I attempted to get a loan to build a house on 20 acres with well water and wood stove heat. This was 3 hours north of SF where I worked. The mortgage company wouldn't touch a home with wood heat, or well water.
Well the local boys did tell me to bring in my husband or boy friend to ask questions, LOL, but they finally understood! They were not worried about the well or the wood heat, just my marital status!!! LOL
mella l
Oh PS. I got the loan.
Edited by - mella l on 05/18/2006 17:43:43
mella l
Art and Science
bytheSEA
Posts: 942
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John Rabi is SO right. Local lenders are the way to go. I have had so many lenders get up to days within close and then suddenly say "Lava Zone? What's a Lava Zone?".
FYI, both Nanawale and Hawaiian Beaches and Shores are Lava Zone Two.
http://www.hawaiirealproperty.com/Lava_20_Zone.html
John Dirgo, RA, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell
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I completely agree with the advice from both of the Johns....From personal experience, use a local lender. I thought it would be fine to use my mainland lender who had always done a great job for me and I even warned him about the Lava Zone problem. It was a good thing we had a 60 day escrow because about 30 days into it I started getting nervous when he didn't have definite answers for me, so we switched to Wells Fargo Home Mortgage in Hilo and they did a great job and even closed on time with only 30 days left to work with. So, please, save yourself the frustration and use a local lender....just my humble opinion.
Paula
PunaPaula
Posts: 1,516
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Buzz also left a list on a new thread which is VERY welcome. Thanks all for your advice!
Mahalo!
Carrie
