FINANCIING YOUR REAL ESTATE

When you purchase real estate,
there are basically two ways to
pay for it.  You can either pay
cash for the property or you can
finance it by taking a loan out to
purchase.

A cash purchase is the simplest
way to buy real estate.  You
make an offer to purchase with
cash, no financing.  When you
and the Seller have an
acceptable agreement for the
conditions of the sale, at the
closing, you will supply the cash
for the purchase from your
savings account, other liquid
asset, or a 1031 Exchange.
LOAN CALCULATOR
Loan Calculator
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"Whether you are selling or buying
your Maui dream home, I am applying
for the job as your Realtor"
-Casey
Casey Fukuda, R(S)
Sakamoto Properties
5095 Napilihau St. #203
Lahaina, HI 96761
Phone: 808.264.5362
Fax: 808.669.1234
Alt. Phone: 808.669.0070
Casey Fukuda, R(S)
808.264.5362
A more conventional approach, and the most common way to purchase real
estate is to borrow money from a lender.  The lender comes up with the
cash to purchase. In return you make payments to the lender to payback all
of the principal plus consideration in the form of interest for borrowing the
money over a period of time.  Most loans for purchasing real estate involve
a mortgage.  A mortgage is a legal document that pledges the real estate as
security for payment of the debt.

Financing real estate can be a complicated endeavor.  Follow this link to
see a glossary of real estate terms:

Real Estate ABC's