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Saturday, November 01, 2014         

Use your equity and borrow smarter

By Rachel Breit

POSTED:
LAST UPDATED: 03:45 p.m. HST, Mar 28, 2014


 Stop hitting snooze on your dream of the perfect home, and wake up to the reality that you can make your dreams come true — without having to relocate. While many in the prime of their careers feel the need to upgrade houses before they retire, in Hawaii's competitive housing market, there just might not be a house on the market that fits the bill. If a desirable home does become available, the high demand means more competition among buyers. Meaning it could be years until you get the keys to your house you hope for.

 
That's where Reed Myers of mortgage lending company Myers Capital Hawaii comes in. “If you are having trouble finding your dream home because the real estate market is so competitive, you may look to renovating your existing home,” said Myers.
 
Operating out of the Davies Pacific Center on Bishop Street in downtown Honolulu, Myers works one-on-one, helping clients with their financing needs.
 
One of the loan programs Myers Capital Hawaii offers is a home equity loan. “Look to what you have,” said Myers. “You can borrow against your home's equity to help make your existing home your dream home.”
 
So consider it time to retire the stack of home magazines filled with glossy images of spacious, breezy kitchens and sparkling bathrooms and other expansions you've spent so long ogling over. With Myers Capital Hawaii's help, get going on a remodel that will serve you for your years to come.
 
And, while many credit unions and banks are lending at variable rates, the home equity financing Myers Capital Hawaii provides is at a fixed rate, keeping you on track with your retirement plans. “You want to be debt free when you get to retirement, and this loan program is designed to accomplish that,” Myers explained.
 
Furthermore, well-qualified borrowers will be rewarded for good credit and solid employment history with lower interest rates. “Typically our interest rates on any given day are a quarter to a half percent lower than any other mortgage company or bank,” said Myers.
 
Good news for those who dream big.
 
Myers Capital Hawaii
contact // 566-6611
web // www.myerscapitalhawaii.com