B4 • Friday, September 30, 2022
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THE GARDEN ISLAND
FROM BEGINNER TO BUYER 4 tips for navigating the homebuying process BRANDPOINT Buying a home is a lifelong dream for many people, but it can also be a stressful and anxiety-inducing experience, especially in today’s highly competitive housing market. It can be even more overwhelming if you’ve never bought a home. According to the National Association of Realtors, first-time homebuyers represented 34% of all homebuyers in the U.S. in 2021. Prospective first-time homebuyers may feel at a disadvantage because they haven’t been through the homebuying process before. However, you don’t have to walk this road alone. There are a variety of online resources and local trusted professionals to demystify the process and help you go into your next open house with confidence. Check out these 4 tips that can help you prepare to search for and buy your first home. Explore educational tools It’s easy to feel in over your head as a first-time homebuyer because you
don’t know what you don’t know. Luckily, there are resources available to help boost your homebuying knowledge such as how-to guides, webinars and podcasts like the Beginner to Buyer podcast. Every episode offers conversations with real buyers and expert guests discussing each step of the process, from mortgage application to closing. Work with trusted professionals Before you begin searching for your home, consult a home lending professional.
US average mortgage rates fall again; 30-year loan at 3.04% ASSOCIATED PRESS Xxxxxxxxxx US long-term mortgage rates up for 6th week; 30-year at 6.7% WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years. Mortgage buyer Freddie Mac reports that the average on the key 30-year rate climbed to 6.70% from 6.29% last week. The average rate on 15-year, fixed-rate mortgages, popular among those looking to refinance their homes, jumped to 5.96% from 5.44% last week. Rapidly rising mortgage rates threaten to sideline even more homebuyers after more than doubling in 2022. Last year, prospective homebuyers were looking at rates well below 3%. WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years, before a crash in the housing market triggered the Great Recession. Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate climbed to 6.70% from 6.29% last week. By contrast, the rate stood at 3.01% a year ago. The average rate on 15-year, fixed-rate mortgages, popular among those looking to refinance their homes, jumped to 5.96% from 5.44% last week. Rapidly rising mortgage rates threaten to sideline even more homebuyers after more than doubling in 2022. Last year, prospective homebuyers were looking at rates well below 3%.
They can help you get prequalified, navigate the homebuying market and review loan options. You can also use online tools, like an affordability calculator, to determine how much you can afford before starting the homebuying process.
much you’ll pay for your home loan. Take advantage of financial resources
Research homebuyer assistance programs and remember to ask your home lending advisor about available resources. For example, Lock in your rate Chase Home Lending’s Interest rates can rise and Homebuyer Grant offers up fall quickly. Once you’ve to $5,000 that can be used found the home you want toward a down payment and and are comfortable with closing costs. Additional fithe payments based on tonancial assistance for homeday’s rates, lock in that rate buyers may also be available as soon as possible. This will in your state or city. Lastly, give you assurance of how consider lender-backed re-
sources to help streamline the closing process. Chase’s Closing Guarantee is committed to closing on your new home in as little as 21 days or you’ll receive $5,000. BONUS: Be patient don’t panic It may feel like the housing marketing is incredibly volatile right now, but you don’t have to go through it alone. “Getting connected early with a qualified lending professional will help ensure you’re prepared for the homebuying process,” said Shelby McDaniels, channel director, corporate home lending at Chase. “Beyond
professionals, tap into your personal network and find emotional support and knowledge from those who have already gone through the homebuying process. Push yourself to ask questions and remain steadfast in your goals.” By using these tips, you can feel more prepared to navigate the homebuying process and understand how to take advantage of the resources available to support your journey. To learn more about the homebuying process, available resources and programs and to connect with a home lending professional, visit Chase. com/Home.
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THE GARDEN ISLAND
Friday, September 30, 2022 Page 5
246-0325
KAUAI’S
real estate directory P L A C E Y O U R A D today 2 4 6 - 0 3 2 5
KAUAI REALTY
t he g arden i slan d .com /clas s i f ieds
KAPA‘A $569,000 3bed/1Ba Interior: 960 sqft MLS 664883 Mark K. Tanaka, RB-9222 mark@marktanaka.com 808-639-0367 Ashley M. Carvalho, RS-73535 ashley@ashleycarvalho.com 808-639-9307
A fixer-upper in the Kawaihau Estates Subdivision, awaiting a talented and resourceful homeowner or family to bring it to its full glory. This single level, wood frame, 3 bedroom, 1 bath home is in need of enhancement, repairs, and some TLC. This flag lot property is located at the end of a culdesac and is fully fenced with a large gate.
PRATT & LAMBERT PAINTS
PITTSBURG PAINTS
Custom Color Matching • ProLuxe Wood Finishes • Purdy Brushes • Graco Sprayers Home Owner • Maintenance • Commercial • Industrial
Certified Inspector
(808) 246-8828 Across From Kauai Community College
4490 Puhi Road, Lihue Mon-Fri 7:30am to 4pm Sat 8am to 12 Noon
Your locally owned paint store. Serving the people of Kauai for over 29 years!
KAUAI REALTY
LIHUE $1,295,000 Fee Simple Land Size: 15,000 sqft Interior: 1,554 sqft MLS 665424
Joseph Quentin
We make your next home inspection a breeze
www.quentinllc.com (808) 855-5280
BBB Rating: A+ As of 9/30/2020
We specialize in Residential Sales and Investment / Resort Condominium Properties. AND, we love working with Local Buyers looking for their new home!!!
Eric N. Yama, RB-10975 cell: (808) 639-3414 eric@ericyama.com Lauren Yama, RS-84751 cell: (808) 346-4204 lauren@laurenyama.com
With the ideal location and numerous possibilities, this commercial property is a rare opportunity. Located in the heart of Lihue. Ideal for a multitude of commercial uses.
808-822-3100
Larry Fudge RB-18519 808-635-1111
www.kauailandmark.com
Diane A. Pavao RS-58020 808-651-3557
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Page 6 Friday, September 30, 2022
THE GARDEN ISLAND
Garage & Lanai Sales MOVING SALE Sat. & Sun. Oct. 1 & 2 8am-2:30pm. Selling various items and objects. Located at New Mill Camp House 111 (houses near Kaua’i Coffee). Signs will be put up to show the way to the house.
MENTSMERCHAN
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STATE OF HAWAII HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION
OWNER’S NOTICE OF COMPLETION OF CONTRACT
MORTGAGE CREDIT CERTIFICATE PROGRAM Lihue - $1,450,000 $780,000 5Bed / 5.01Ba NOTICE IS HEREBY Section 25 of the Internal Revenue Code authorizes “issuers” to issue Mortgage Credit Certificates (“MCCs”) in Interior size: 3027 sq. ft. 3 Bed/2 Ba LIHUE - $520,000 Land Size: 9,174 sq. ft. Interior Area: 1,531 sq.ft. GIVEN that pursuant to lieu of qualified mortgage bonds. The State of Hawaii’s Hawaii Housing Finance and Development Corporation 2Bed / 1Ba Hardware Hawaii, known MLS663176 Lot Size: 8,059 sq. ft. the Provisions of Section (“HHFDC”) is an issuer of MCCs. HHFDC intends to implement a $17,750,000 MCC program approximately 90 Interior size: 704 sq. ft. for their “legendary” Charissa Riofta Melinda Yomen Ground Floor/Yard 507-43, of the Hawaii days after the date of publication of this notice. customer service, is RS-82661 RS-56237 MLS661110 Revised Statutes, the looking for motivated 808-6393752 808-482-0452 * Clifton Kukino ON ALL MERCHANDISE ADS MLS 655642 individuals that have the construction by RB The MCC Program provides homeownership opportunities for qualified households through a federal income tax RB-15364 * Restrictions may apply. Call for details. power to reach for more. Deadlines: Construction #BC273367 noon on Friday for Sunday and Monday. (We are closed advertisers, The Garden Island does reserve the right to edit, Shelly Kaui Carvalho TheSaturdays MCC can first-time homebuyers qualify for arefuse, mortgage byany increasing their buying power at Servicing Hawaii for over Regular, single-column Garden credit. Island can andhelp Sundays). reject, orloan cancel ad at any time. All ads are subject (RS)-64829 of thatclassifieds certainin The Single 66 years. Positions their current income. MCCs entitle an eligible borrower totoaapproval direct prior tax tocredit against thenoteligible 808-652- 3886 Business Hours Call Center be placed until 4:45pm on Monday, Tuesday, Wednesday, publication. We are liable forborrower’s losses Family Dwelling situated federal income tax liability, making more income available both to qualify starting at $16.00 per Monday–Friday; LIHUE 7:30 a.m.–5:30 p.m. for from a mortgage to make and Thursday for the following day, noon on Friday for Sunday The Garden Island Real Estate Deadlines: To place, correct or expenses resulting publicationloan errorsand or omission of the hour w/ Great Benefits. at(We4473-C Hokua Road, *Restrictions may apply. Call for details. Deadlines: noon on Friday for SundayandandMonday. Monday.Please are advertisers, The orGarden Island does reserve the right to edit,real estate/rental single-column ad, please an ad at any time. All ads are subject to approval prior to monthly callclosed your sales executive 246-0325 formortgage or cancel apayments. Friday Stay Informed Many ways to apply: email Kalaheo, Hawaii, TMK: 4-cancel any ad at any time. Regular, single-column classifieds in The Garden Island can Saturdays and Sundays). refuse, reject, or All ads are subject WE deadlines for larger, multi-column ads. Subscribe today 245-0433 call by noon on Thursday. publication. We are not liable for losses or expenses resulting humanresources@ thegardenisland.com Call Center 2-3-012-003-0008, hasto publication. fromnew publication errors orsingle-family omissions of an dwellings, ad. Advertising rate hardwarehawaii.com BusinessINHours be placed until 4:45pm on Monday, Tuesday, Wednesday, to approval prior are notbeliable for lossesto most types of mortgage loans for The MCCWe can applied or existing including GLADLY ESCROW completed. 7:30 a.m.–5:30 p.m. call (808) 260-8815 orMonday–Friday; Cancellation/Correction Deadlines: To resulting cancel townhouse/condominium or ad forofand errorsmanufactured the first day it runs in the paper. cards are available from any sales executive. Ads are subject and Thursday for the following day, noon on Friday for Sunday The Garden Island Real Estate or expenses fromchange publicationCheck errors your or omission Deadlines:been To place, correct homes. drop by our Koloa store for Shawn & Vivian Kyono ACCEPT: an ad in the Garden Island, call us by 4:45pm on Monday, to the rate card in effect at the time they are placed. We are unable to issue credit for errors reported after the and Monday. Please call your sales executive or 246-0325 for or cancel a Friday real estate/rental single-column ad, please an ad at any time. All ads are subject to approval prior to an on the spot interview. Owner(s) Tuesday, Wednesday, and Thursday for the following day, first day of publication. While we try to accommodate our For Immediate Hire Cashier, Store Associate and Lumber Associate
A WEEK
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ON ALL MERCHANDISE ADS*
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AKC Labrador Retriever Puppies with Papers. $1,700/OBO.Call or email for info. 808-335-2808 kauai8888@gmail.com
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Court Notices
ELIGIBILITY REQUIREMENTS: publication. We are notMCC liable for losses or expenses resulting (TGI1388725from publication 9/30, errors or omissions of an ad. Advertising rate 10/7/22) Cancellation/Correction Deadlines: To cancel or change Check your ad for errors the first day it runs in the paper. cards are available from any sales executive. Ads are subject Borrowers interested in participating in HHFDC’s Mortgage Credit Certificate Program must meet the following SARA L. SILVERMAN an ad in the Garden Island, call us by 4:45pm on Monday, We are unable to issue credit #5756 for errors reported after the to the rate card in effecteligibility at the time they are placed. requirements/criteria: 4480 Road, Tuesday, Wednesday, and Thursday for the following day, first day ofAhukini publication. While Suite we try 202 to accommodate our $1,880,000 Lihue, Kauai, Hawaii 96766 1. Residence Requirement: The borrower must use the residence as the borrower’s principal residence within a Vacant Land Telephone: 246-6988 reasonable time (sixty days) after loan closing and the borrower must notify HHFDC or the Participating Lot Size: 0.74 acre(s) saralaw@hawaiiantel.net Email: Mark K. Tanaka Lender if the residence ceases to be the borrower’s principal residence.
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WAILUA $939,000 3Bed /2Ba Interior size: 1,192 sq. ft. Lot size: 19,384 sq. ft. MLS663084 Carol Cummings RB-14915 808-651-4766
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RB-9222 808-639-0367 Ashley M. Carvalho 808-639-9307 MLS 664059
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Attorney for Petitioner IN THE FAMILY COURT OF THE FIFTH CIRCUIT STATE OF HAWAII DANIELLE WHITE,
Omao OMAO
Kapaa SOLD
) ) Petitioner, ) ) vs. ) ) WILLIAM LAGAZO, ) ) Respondent ) ____________________)
5FPA-22-0000102 NOTICE OF HEARING
Appliances Recycled Appliances Washers,Dryers, Stoves & Refrigerators $250+ 6 months warranty. Tashi 808-652-0551
KAPAA - $730,000 3Bed/2BA Interior: 1,296 sq. ft. Lot Size: 12,820 Glen Kojima RS-80593 808-651-5850 Jesse Fukushima RS-71180 808-482-4077 MLS 660495
Garage & Lanai Sales
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service guide
2 FAMILY GARAGE BUSINESS SALE LIHUE Sat. October 1 8:00am - 1:00pm 2847 Hoolako St FOR MORE INFORMATION, CALL DIANE 245-0456 Look for signs! THE GARDENISLAND.COM/CLASSIFIEDS Dresser, vaccum cleaner, sewing machine, TV sets, side tables, luggage, baby swing, playpen, boogie board, plants, and more! Best Samaritan Contractor Best Samaritan Contractor
245-0456
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Carpentry
Carpentry
Rockwall, All brick work, All tree servicing, Foundati on/Footings, and All Landscaping work. Call Samson 346-5404 or 782-6570 Lic. #26959
Rockwall, All brick work, All tree servicing, Foundati on/Footings, and All Landscaping work. Call Samson 346-5404 or 782-6570 Lic. #26959
TO: William Lagazo $5,000,000 Vacant Land Lot Size: 7.46 acre(s) Tom H Shigemoto RS-53693 808-651-5273 Mark K. Tanaka RB-9222 808-639-0367 MLS 663481
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Independent contractors are responsible to pick up the newspapers with a dependable vehicle daily. Successful candidate should possess sales, management, customer service skills, and must be able to recruit and train carriers. Candidate must be 21 years of age, have a valid driver’s license with a clean driving abstract and proof of insurance.
County Hawaii Honolulu Kalawao Kauai Maui
Acquisition Cost $396,527 $621,067 $687,951 $702,283 $687,951
METHODS BY WHICH MCCs ARE ISSUED: The MCC is applied for at the time the borrower makes a formal application for a home loan. Borrowers may apply for a loan with any lender but MCCs are only available through Participating Lenders. If, based on the information provided by the Participating Lender, a borrower is determined to be eligible, HHFDC will commit to issuing an MCC to the borrower. Commitments will be made on a first-come, first-served basis to the extent MCCs remain available. Assuming no material changes between the commitment and the loan closing, and upon receipt of an acceptable MCC closing package, which shall include the MCC Application Review Fee of $25 and Mortgage Credit Certificate Program Fee of $400 ($300 to HHFDC and up to $100 to the Participating Lender), HHFDC will issue the MCC to the borrower after the closing date of the mortgage loan. Fees are subject to periodic change. No MCC will be issued prior to 90 days of publication of this notice or after the date that all of the MCCs have been allocated and, in no event, later than the date permitted by federal tax law.
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circulation assistant
Current 2022 Program Participating Lenders 1 are as follows: Academy Mortgage Corporation American Pacific Mortgage American Savings Bank Bank of Hawaii Caliber Home Loans, Inc. Castle & Cooke Mortgage, LLC Central Pacific Bank CMG Mortgage, Inc. Compass Home Loans, LLC DHI Mortgage Company Ltd. Fairway Independent Mortgage Corporation First Hawaiian Bank Guaranteed Rate, Inc. Guild Mortgage Company LLC Hawaii State Federal Credit Union Hawaii USA Federal Credit Union HomeBridge Financial Services, Inc. House of Finance, Inc. LoanDepot.com, LLC Mann Mortgage, LLC Mid America Mortgage, Inc. MLD Mortgage Inc. Movement Mortgage, LLC Mutual of Omaha Mortgage, Inc. Paramount Residential Mortgage Group, Inc. Plaza Home Mortgage, Inc. Primary Residential Mortgage, Inc. PrimeLending, a PlainsCapital Company RoundPoint Mortgage Servicing Corporation Security National Mortgage Company Inc. Siwell, Inc. Territorial Savings Bank 1 The listed Participating Lenders are pending enrollment in the 2023 MCC Program. This list is subject to changes. Additional mortgage lenders may elect to participate in the MCC Program. Any lender who wishes to participate in the MCC Program can contact the HHFDC, as shown below to request an application and learn about the requirements for participating in the MCC Program. The lender providing the financing can establish the interest rate, loan term, down payment requirement, credit and underwriting criteria, loan type, mortgage insurance requirement, fees, points, closing costs and all other loan terms; however, such may not exceed the normal and customary cost associated with non-MCC loans.
We are seeking a quality individual to join our successful team on Kauai to support the distribution of our portfolio of publications including The Garden Island, Kauai Midweek, Honolulu Star-Advertiser, USAT, and other publications. This position is responsible for a variety of tasks and responsibilities within home delivery, single copy and non-daily distribution areas. The job duties can entail but are not limited to: administration of customer service functions to subscribers and distribution contractors, preparing paper work, distributing daily and non-daily products to independent contractors, subscribers, and/or retailers, and product delivery verification. Candidate should have solid computer skills and be very organized.
We are an equal opportunity, affirmative action employer. We recognize and appreciate the benefits of diversity in the workplace. People who share this belief or reflect a diverse background are encouraged to apply.
Hawaii 2023 MCC Program Purchase Price Limits
6. Interest Paid to Related Persons : Interest on the amount of the indebtedness which is incurred by the borrower to acquire the borrower’s residence must not be paid to a related person.
We are an equal opportunity employer. We recognize and appreciate the benefits of diversity in the workplace. People who share this belief or reflect a diverse background are encouraged to apply.
Send a cover letter and resume to: 500 Ala Moana Blvd Ste 7-500 Honolulu, HI 96813 or email rstolar@staradvertiser.com
The acquisition cost of the residence and family income of the borrower cannot exceed the following:
5. Prohibited Mortgages: An MCC cannot be issued in connection with the acquisition of a residence for which the financing of the residence is provided from the proceeds of a qualified mortgage bond.
For more details, contact Sharene at (808)690-8909 or email schun@staradvertiser.com
The Garden Island is seeking a PART TIME
3. Purchase Price and Income Requirement:
Income Limits Families of Families of PLEASE TAKE NOTICE that a hearing on the Petition for County 2 or less 3 or more Custody, Visitation, Support Orders After Voluntary Establishment of Paternity filed herein on May 6, 2022 Hawaii $107,200 $123,280 will be held before the Honorable Judge Presiding in Honolulu $142,419 $163,782 Courtroom #3 at 3970 Ka’ana Street, Lihue, HI 96766 Kalawao $138,600 $161,700 on November 15, 2022 at 9:00 a.m. or as soon Kauai $136,800 $159,600 thereafter as the matter can be heard. SHOULD YOU Maui $136,920 $159,740 NOT APPEAR IN PERSON the Court may grant the Petition with no further notice to you. The purchase price and income limits may be (1) increased by the HHFDC for mortgage loans made in targeted areas; or (2) increased or decreased by the HHFDC pursuant to Internal Revenue Service guidelines. The DATED: Lihue, Hawaii, September 8, 2022 purchase price limits apply only to fee simple, fully completed units. Leasehold residences and uncompleted units are subject to certain adjustments in determining their “acquisition cost” as defined by the Internal /s/ Sara L. Silverman Revenue Service. Attorney for Petitioner (TGI1386652 9/16, 9/23, 9/30, 10/7/22) 4. New Mortgage Requirement: An MCC cannot be issued in conjunction with the acquisition, replacement or refinancing of an existing mortgage. However, the MCCs can be used in conjunction with the replacement of construction period loans, bridge loans, or similar financing of a temporary nature with a term of twenty-four (24) months or less. An MCC must be issued to a borrower who did not have a mortgage on the residence with respect to which the MCC is issued at any time prior to the execution of the MCC related mortgage.
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2. 3-Year Requirement: The borrower cannot have had any ownership interest in a principal residence at any time during the preceding three-year period prior to the date of execution of the mortgage on the residence in connection with which an MCC is provided. The 3-year no prior ownership requirement does not apply to loans made in targeted areas as defined under the Program.
Borrowers who are interested in obtaining an MCC may contact any Participating Lender. For further information, the borrower may call the HHFDC at (808) 587-0567, visit our website at www.hawaii.gov/dbedt/hhfdc, or write to us at: Hawaii Housing Finance and Development Corporation 677 Queen Street, Suite 300 Honolulu, Hawaii 96813 Attention: Finance Branch Please be advised that the HHFDC does not provide tax advice. Should you have any questions about how your taxes will be affected as a result of participating in the MCC Program, please consult with a tax professional or the IRS. HHFDC does not discriminate against any person because of race, color, religion, sex, including gender identity or expression, sexual orientation, disability, familial status, ancestry, age, marital status, or HIV infection. If access or communication assistance and/or services (e.g., large print, taped materials, sign language interpreter, or translator) are required, please contact the HHFDC’s Departmental Personnel Office at (808) 5870501 or by email at celeste.r.tran@hawaii.gov.
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This notice is published in satisfaction of the requirements of Section 25 of the Internal Revenue Code of 1986, as amended and (i) Treasury Regulation Section 1.25-7T as to providing reasonable public notice of the eligibility requirements for MCCs and the methods by which they are issued, and (ii) Treasury Regulation Section 1.25-3T(j)(4) regarding maintaining a list of participating lenders.
Date: September 30, 2022 (TGI1388839 9/30/22)