Kimberly A Quintana-Mortgage Loan Officer- Island Home Loans

Kimberly A Quintana-Mortgage Loan Officer- Island Home Loans Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Kimberly A Quintana-Mortgage Loan Officer- Island Home Loans, Mortgage brokers, 688 Kinoole Street suite 209, Hilo, HI.

08/27/2024

Thank you again East Hawaii!! It's been a true pleasure to work with many of you, striving towards the goal of homeownership, and most importantly, finding friendships with our clients, referral partners, and neighbors here on the Big Island. We hope to serve you for many years to come! 🎉🌺🤩

808-961-0605
[email protected]
or DM us!

08/27/2024

Today we celebrate the doggies in our lives - unconditional love, pure goodness, and true companionship. Mahalo to our doggie babies who bring us so much comfort, laughs, and love!!💞🐾🐶🐩😍💗

08/23/2024

Wishing you an awesome weekend! 🌅😎🌴🏄🏄‍♀️🌺✨
~ From your Team at Island Home Loans 💪🤝💞

08/23/2024

🌴 Dreaming of a unique home in Hawaii? Whether it’s an unpermitted home, yurt, bamboo homes, barndominium, or container home, these alternative properties are impressive and truly embody the island spirit. However, if you’re planning to finance your dream property, there’s an important detail to consider:

Permits Matter for Financing:

1. Lending Guidelines:
To secure a mortgage, the property must meet specific lending guidelines. One of the key requirements is that the structure must be permitted with the County of Hawaii.

2. Why Permits Are Essential:
Permits ensure that the property meets safety and building standards, protecting both you as the buyer and the lender. Without proper permits, financing options become extremely limited.

3. Understanding Your Options:
If you’ve set your heart on an alternative property, we recommend checking its permit status early in the process. If it’s not permitted, consider working with the seller to obtain the necessary permits or exploring other properties that meet lending requirements.

4. We’re Here to Help:
Our team at Island Home Loans is here to guide you through the process and help you find a property that fits your vision and meets financing guidelines. Let’s work together to turn your Hawaiian home dream into a reality!

Remember, while unique properties are appealing, securing the right financing is crucial. Contact us today to explore your options! 🏡💙

Contact us for more info!
808-961-0605
[email protected]
or DM us!

08/23/2024

💼 Did you know that your 401(k) could help you buy your dream home? Many potential homebuyers aren’t aware that they can tap into their retirement savings to make homeownership a reality. Here’s how it works and why it could be a smart move:

Using Your 401(k) for a Down Payment:

1.Unlock Your Homeownership Potential:
By utilizing funds from your 401(k), you can boost your down payment, making it easier to qualify for a mortgage and potentially reducing your monthly payments.

2.The Long-Term Benefits:
While it may seem daunting to withdraw from your retirement savings, the benefits of homeownership—such as building equity, tax advantages, and the stability of owning your own home—can far outweigh the temporary reduction in your 401(k) balance.

3.Documentation is Key:
To use your 401(k) for a down payment, you’ll need to document the availability of funds, the withdrawal process, and the transfer of funds into your account. We’re here to guide you through every step to ensure a smooth process.

4.Consider the Impact:
It’s important to understand the impact of withdrawing funds from your 401(k), including potential taxes and penalties. However, for many, the opportunity to become a homeowner is well worth it.

Ready to Explore Your Options?
If you’re thinking about using your 401(k) to buy a home, let’s talk! Our team at Island Home Loans is here to help you navigate the process and make the most of your resources. Owning your home may be closer than you think! 🏡✨

Contact us today to learn more! 📞💬
808-961-0605
[email protected]
or DM us!

08/23/2024

🏡 Considering alternative financing options like land contracts, purchase money mortgages, or owner financing? While these methods can be appealing in certain situations, it’s crucial to understand the potential risks involved, especially when buying your primary residence.

Potential Drawbacks of Alternative Financing:

1. No Legal Foreclosure Process:
Unlike traditional mortgages, these financing options often lack a legal foreclosure process. This means that if you miss payments, the seller can take back the property without going through the courts, putting your investment at risk.

2. Deed Stays in Seller’s Name:
In many cases, the deed to the home remains in the seller’s name until the balance is paid in full. Essentially, this means you’re more like a renter until the final payment is made.

3. Buyer’s Responsibilities:
Even though the deed isn’t in your name, you’re still responsible for all the expenses associated with the property. This includes homeowner's insurance, property taxes, and repairs—just as if you owned the home outright.

Is It Worth the Risk?
While alternative financing can sometimes be a solution for buyers with unique circumstances, it’s generally not recommended for those purchasing their primary residence unless absolutely necessary. The lack of protections that come with traditional mortgages can leave you vulnerable.

What Should You Do Instead?
Before considering these options, we recommend exploring all traditional financing routes. At Island Home Loans, we’re here to help you navigate the complexities of home financing and find the best solution for your needs. Let’s work together to secure your future in a home you can truly call your own. 🏠✨

Have questions about your financing options? Contact us today to discuss your situation! 📞💬

Contact us for more info!
808-961-0605
[email protected]
or DM us!

07/26/2024

A significant percentage of home buyers put off contacting a lender at all until after they found the perfect home. You really shouldn't begin shopping for a house until you know how much house you can afford. And if you want sellers and their real estate agents to take you seriously, you need a pre-approval letter from a reputable mortgage lender.

Keep in mind that a pre-approval is not the same as a pre-qualification. When you get pre-qualified by a lender, it's an estimation of what we can lend you. A pre-approval is a more rigorous examination of your financial situation and it lets you know exactly the loan amount a lender is willing to lend you.

We're here to help you with this important step!

808-961-0605

07/18/2024

🏡 Ready to buy your dream home? It's important to understand how your existing debt can impact your buying power and overall home buying journey. Let’s break it down:

Why Debt Matters:

1. Debt-to-Income Ratio (DTI):
Lenders look at your DTI ratio to determine how much of your income goes towards debt payments. A high DTI can limit the amount you qualify for a mortgage.

2. Credit Score Impact:
High levels of debt can negatively affect your credit score, potentially leading to higher interest rates or even loan denial.

3. Monthly Budget:
Carrying significant debt means higher monthly payments, which can strain your budget and reduce the amount you can afford for a mortgage.

Plan for Success:
Strategizing and planning for your home purchase includes taking control of your debt. The more you reduce your debt, the better your chances of qualifying for a higher mortgage amount with better terms. Let's work together to make your homeownership dreams a reality! 🏠✨

Have questions or need assistance? We're here to help! Contact Island Home Loans today. 📞💬

07/16/2024

Wondering why lenders ask about large, non-payroll deposits in your bank account during the mortgage loan process? 🤔 We understand it may feel like an invasion of privacy, but here’s why it’s essential and required:

🔍 Anti-Money Laundering Policies: Lenders are legally required to verify the source of large deposits to prevent illegal activities such as money laundering. This is a crucial part of ensuring the financial system's integrity.

🏡 Loan Qualification: Documenting large deposits helps us understand your financial stability and ensures the funds are legitimate. This process protects both you and the lender, ensuring that all funds used in the home buying process are verified and reliable.

💼 Transparency and Trust: By providing documentation for these deposits, you're showing transparency, which builds trust between you and your lender. It’s a key step in securing your mortgage and moving forward smoothly.

🌟 Peace of Mind: Knowing that all funds are accounted for and legitimate gives everyone involved peace of mind, ensuring a secure and successful transaction.

Remember, we’re here to help you every step of the way and make the home loan process as smooth as possible. If you have any questions or concerns about documenting your deposits, don’t hesitate to reach out. Your dream home is worth it! 🏡💙

06/29/2024

One of the biggest benefits of working with a local mortgage lender is that we know the communities we serve. We live and work here. We're helping your neighbors, co-workers, Aunties, Uncles, and cousins ensure their future as homeowners.

We're shopping in the same stores so we know the challenges of increasing costs of goods here in Hilo. We're familiar with the different communities and their unique challenges. We can help you navigate any pitfalls and guide you to make the best decisions for you.

Our goal is to be your lender for life. Our job doesn't end when your loan closes. We look forward to being your community resource for years to come.

If you're in the market to buy or refinance and you want to work with an amazing team, reach out to us today!

808-961-0605
[email protected]
www.islandhomeloans.com
or DM us!

06/28/2024

Life is crazy and we know that many times you're busy and might prefer an online loan experience, or a combo of in-person and online. We have online applications, document uploads, and updates to make your experience with us as easy as possible. Communication is key, so whether in-person or online, we'll be here to give you updates, go over next steps, and assist in jumping through hoops.

808-961-0605
[email protected]
www.islandhomeloans.com
or DM us!

06/26/2024

As your local mortgage lender, we have a dedicated team that works with you from start to finish. We have an office in Hilo, open for you to walk in and speak with your loan officer face to face, if you wish. Our team is here for you. You'll get to know our names and we'll get to know yours. Building relationships with our clients is one of the best parts of what we do!

808-961-0605
[email protected]
www.islandhomeloans.com
or DM us!

Address

688 Kinoole Street Suite 209
Hilo, HI
96720

Telephone

+18089610605

Website

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