Government Loan Highlights for Honolulu Part 3

By Michael Zimmerman | Published: May 15, 2009

As I wrote in parts 1 and 2 of this series, government mortgage loans are becoming more and more popular because funds from conventional sources are very hard to obtain.  In the final part of this series, we’ll highlight Rural Development mortgages provided by the U.S. Department of Agriculture (USDA). Here are the major points of a USDA mortgage loan: No down payment … Continue reading Government Loan Highlights for Honolulu Part 3

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Speechless

By Michael Zimmerman | Published: May 14, 2009

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Random Thoughts

By Michael Zimmerman | Published: May 12, 2009

I am bothered by the fact that the federal government has taken a tremendous financial and management role in a number of critical U.S. industries such as the auto makers, banks/insurance and broadcasting.  In the last six months, the government loaned billions to the Big Three in Detroit, effectively removed the CEO of General Motors and is taking a … Continue reading Random Thoughts

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May 2009 Imperial Plaza Condominium Market Report Honolulu

By Michael Zimmerman | Published: May 9, 2009

Summary As you can see in the chart below, winter sales at Imperial Plaza were extremely slow, but are beginning to pick up.  Four of the 12 apartments for sale offer more than 2000 square feet of living space.  That’s quite rare and the listing prices seem very affordable ($899,000-$999,999).  The main drawback to these spacious apartments is … Continue reading May 2009 Imperial Plaza Condominium Market Report Honolulu

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Government Loan Highlights for Honolulu Part 2

By Michael Zimmerman | Published: May 6, 2009

As I wrote in part 1 of this series, the Nation’s financial crisis caused several liberal sources of home financing to disappear.  No one knows if they will return.  Today’s complex loan guidelines make conventional loans more difficult to obtain, so government loans are becoming a more popular source of mortgage funds.  In part 2 of this … Continue reading Government Loan Highlights for Honolulu Part 2

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