Often times the down payment can be the most challenging hurdle to clear for Hawaii Kai real estate buyers in order to purchase their own home. In this article we will explore some possible ways to come up with your down payment.

1. Ask For Help. Often times there may be a family member, aunt, uncle, or friend that may be willing to lend you some money at a better interest rate than a conventional lender. If they don't have any money to lend you or are unwilling then perhaps they might be willing to co-sign the loan with you. It never hurts to ask.

2. Use Your Other Assets. There is only one way to get cash for other assets you might have: you either sell them or borrow against them. These assets could possibly include a car, boat, stock, jewelry, land, etc.

3. Increase Your Income. Sometimes the best thing to do is hold off purchasing for a bit, find another job, and start saving your cash. This may take a little longer but at least, in the end, you won't owe any one.

4. Supplement Your Down Payment With Non Cash Items Or Services. Perhaps the seller of the Hawaii Kai real estate property you are interested in might consider something other than cash as a down payment such as a boat or car. You could also possibly offer your services such as free landscaping or tax service (if you are a cpa) or legal services (if you are an attorney).

5. Life Insurance Cash Value Policy. If you have a life insurance policy with cash value you might want to consider cashing it in or borrowing against it.

These are just some of the many possible ways one might consider to come up with their down payment. As always, please feel free to visit our Hawaii real estate website or call us at 888.450.4140 should you have any questions.