Mortgage Rates
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Our Mission
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| Helping Hawaii residents obtain their dream in Home Ownership. |
A house is the largest
purchase most of us will ever
calculate what your payment
will be and how much you
can afford. The mortgage
calculator will show you how
much your monthly payment
will be. It's important to note
that this calculator will show
the "Principle & Interest"
payment only - based on the
amount of loan. Total
payment to your loan
company will also included
montly property taxes and
homeowners insurance
payments.
purchase most of us will ever
calculate what your payment
will be and how much you
can afford. The mortgage
calculator will show you how
much your monthly payment
will be. It's important to note
that this calculator will show
the "Principle & Interest"
payment only - based on the
amount of loan. Total
payment to your loan
company will also included
montly property taxes and
homeowners insurance
payments.
Loan Calculator
What will your monthly mortgage payment be?
| Hawaii's Average Mortgage Rates |
The rates show above is not a "rate quote", rather a average of Hawaii mortgage rates.
Borrowers will qualify differently, the material contained is for general purposes and
while GMI strives to meet all state and Federal compliance regulations, rate and terms
are subject to change.
Borrowers will qualify differently, the material contained is for general purposes and
while GMI strives to meet all state and Federal compliance regulations, rate and terms
are subject to change.
The rates listed below represent rates currently available. The
actual rates available to you will vary based on a number of factors.
Please note that these rates are only available to qualified
applicants and assume excellent credit. Rates and terms are
subject to change or cancellation. Please call for further details.
actual rates available to you will vary based on a number of factors.
Please note that these rates are only available to qualified
applicants and assume excellent credit. Rates and terms are
subject to change or cancellation. Please call for further details.
Fixed Rate Mortgages
The interest rate on a Fixed Rate Mortgage remains fixed for the life
of the loan and monthly payments of principal and interest payments
never change.
The most common fixed rate terms include the 30-year term and
15-year term. In general, the shorter the term, the lower the interest
rate and the higher the principal and interest payment. Therefore,
the interest rate on a 15-year term loan is lower than the rate of a
30-year term loan, however, the principal and interest payment on a
15-year term is higher than the payment on a 30-year term.
Adjustable Rate Mortgages
Adjustable-rate mortgages (ARMs) became popular in the early
1980s when interest rates were much higher. When lenders were
offering fixed rate mortgages at 15 percent to 16 percent, over 60
percent of homebuyers chose ARMs with interest rates starting at 12
percent to 13 percent. Currently with low fixed rates, most lenders
reported that fewer than 15 percent of homebuyers were financing
their homes with ARMs. For complete information about ARMs
please contact us.
The interest rate on a Fixed Rate Mortgage remains fixed for the life
of the loan and monthly payments of principal and interest payments
never change.
The most common fixed rate terms include the 30-year term and
15-year term. In general, the shorter the term, the lower the interest
rate and the higher the principal and interest payment. Therefore,
the interest rate on a 15-year term loan is lower than the rate of a
30-year term loan, however, the principal and interest payment on a
15-year term is higher than the payment on a 30-year term.
Adjustable Rate Mortgages
Adjustable-rate mortgages (ARMs) became popular in the early
1980s when interest rates were much higher. When lenders were
offering fixed rate mortgages at 15 percent to 16 percent, over 60
percent of homebuyers chose ARMs with interest rates starting at 12
percent to 13 percent. Currently with low fixed rates, most lenders
reported that fewer than 15 percent of homebuyers were financing
their homes with ARMs. For complete information about ARMs
please contact us.
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HOW TO FIND & BUY YOUR FIRST HOME
So you want to buy a home. Congratulations! This decision
is an important step towards a rewarding and exciting
milestone in your life. You may soon i nd that every
homeowner you meet tells you about the joys of having a
place of your very own. And you’re never too young to own.
Figures from the National Association of Realtors show that
the average age of first-time buyers is 32 years.
Homeownership is not always easy, but most people will
agree that the rewards far outweigh the challenges. The
first challenge, of course, is to learn all the steps to buying
a home! This guide will provide helpful tips and information
you need to understand the process and get started on
your path to homeownership
is an important step towards a rewarding and exciting
milestone in your life. You may soon i nd that every
homeowner you meet tells you about the joys of having a
place of your very own. And you’re never too young to own.
Figures from the National Association of Realtors show that
the average age of first-time buyers is 32 years.
Homeownership is not always easy, but most people will
agree that the rewards far outweigh the challenges. The
first challenge, of course, is to learn all the steps to buying
a home! This guide will provide helpful tips and information
you need to understand the process and get started on
your path to homeownership
FHA Mortgages @ AFR
| Hawaii Loan Limits |
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| Contact webmaster Graham Mortgage, Inc., NMLS # 376232 1144 Young St., Honolulu, HI 96814 Ph: (808) 593-1991 |