If you’ve been watching the housing market lately, you may have noticed that both mortgage rates and home prices are rising. As someone interested in buying a home, you might wonder why this is happening. In this newsletter, I’ll break down the key factors behind these trends, helping you make sense of the current housing market. Economic Factors: The…
Have you ever applied for a mortgage only to have a bunch of lenders call you right after your credit is pulled? If so, the experience you had was caused by a trigger lead. A mortgage trigger lead is a type of lead generated by credit bureaus, which indicates that a consumer has recently applied for a mortgage or has…
What is MCC The Mortgage Credit Certificate (MCC) is one of the most underutilized programs. This program is available to homebuyers in Hawaii, providing a unique opportunity to save money on their federal income taxes. The program is administered by the Hawaii Housing Finance and Development Corporation (HHFDC) and is designed to help low-to-moderate-income homebuyers afford their mortgage payments. Under…
Aloha and Happy New Year! Entering 2023, many of us have made New Year’s resolutions. Here at Smart Money Hawaii, one of our New Year’s resolutions is to be 1% better every day. Through education, we hope to engage and make you a little more informed about one of your most significant investments, your home. Whether looking for your first…
Aloha, Smart Peeps! I can’t believe I’m saying this, but Merry Christmas and Happy New Year. I’m surprised how quickly 2022 just blew by, and we’ve made another trip around the sun. This is the last newsletter for 2022, and I hope you all find value in these updates. For most of this year, we have spoken about inflation, as…
Aloha Smart Peeps! The year is just blazing by, and it is that time of the year when it is extra important to have that attitude of gratitude. When I go to the stores the Christmas displays are already up, and it feels like we skipped Thanksgiving altogether. Well despite the lackluster performance of the stock market and high inflation…