09-29-2008, 04:29 PM
The reason I posted this article wasn't so much for those trying for a mortgage but for those of us who may have money deposited in a Hawaiian bank. The point of the article is that the Bank of Hawaii has a very good chance of surviving this downturn and has less of a chance of crashing than some other banks in the nation. I for one took a measure of comfort that my money is reasonably safe there.
If you are trying for a mortgage I would think it would be very hard to do but of course I am no expert here. I would think that you would need at least a 20% down payment, excellent credit history, a strong source of income and proof of other cash resources. Again I am not an expert maybe those that are could chime in.
Andrew
If you are trying for a mortgage I would think it would be very hard to do but of course I am no expert here. I would think that you would need at least a 20% down payment, excellent credit history, a strong source of income and proof of other cash resources. Again I am not an expert maybe those that are could chime in.
Andrew
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Chinese curse "May you live in interesting times".
Chinese curse "May you live in interesting times".