I have a referral who is trying to use her Power of Attorney to take out a loan against her mother’s home to purchase a small home on the big island. I have always heard that real estate is so expensive in Hawaii, but I have no feel for what might be available in “out of the way” areas that I think she will need to look at in order for her to afford living there. She wants to take about $120,000(out of her mother’s home equity) out to purchase something outright
or use as a down payment. Hope you can give me some ideas. thx
Hello Joe,
I have a referral who is trying to use her Power of Attorney to take out a loan against her mother’s home to purchase a small home on the big island. I have always heard that real estate is so expensive in Hawaii, but I have no feel for what might be available in “out of the way” areas that I think she will need to look at in order for her to afford living there. She wants to take about $120,000(out of her mother’s home equity) out to purchase something outright
or use as a down payment. Hope you can give me some ideas. thx