Hawaii Mortgages

Your dream of living in paradise is still a possibility! With continuing low interest rates, there is no better time than the present to purchase a Hawaii Mortgage. The current trend in Hawaii Mortgages is a Hawaii Refinance Mortgage. Many Hawaii homeowners are seeking this type of Hawaii Mortgage. Hawaii Refinance Mortgages not only allow borrowers the opportunity to have a lower rate, but also to consolidate debt and save money.

If you are looking to purchase a second home in Hawaii the Hawaii 6-month Interest Only Mortgage or the Hawaii 1.25% Pay Option Adjustable Rate Mortgage are good choices to consider. The Hawaii 6-month Interest Only product offers an interest only payment option for the first 10 years, and then becomes a fully amortized principal and interest payment for the remaining 20 years of the loan. The interest rate on this particular loan will adjust every six months, according to the economic index and margin tied to the loan (Ask a United Federal Mortgage representative about the various economic indexes available.)

The Hawaii 1.25% Pay Option ARM offers borrowers flexible options for paying their monthly mortgage. One option is a minimum monthly payment based on a 1.25% interest rate (This rate is good for the first year of the loan and then adjusts annually thereafter). In addition, three other payment options are available, which makes this a good loan for borrowers who receive bonuses or commissions as a primary source of income. The Pay Option ARM offers the lowest interest rates available today.