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Weather and condos for sale

by Joanne Foxxe

It is a beautiful day on Maui. The sun is shining. The temperature is in the 70's , just beautiful. 

The island views today are amazing. You can view all of Molokai and all of Lanai. We have had a rainy weekend, so today is a crystal clear treat.  Our weather doesn't vary more than 10 degrees in either direction, which is predictable and lovely.

I drove up to the Ridge villas, of which I have 2 for sale right now. One is 2622, overlooking this fabulous view. It is a one bedroom, 2 bath town home style condo, with 2 lanai areas perfect for watching our gorgeous MAUI sunsets. This unit has never been rented and is easy to show on short notice. It is immaculate with Miele and Sub Zero applicances. $1.285. This can be rented short term upon purchase.

Right next door is Ridge villa 2614. This is a one level 2 bedroom, 3 full bath condo with the same amazing views. It was remodeled one year ago,and is a profitable vacation rental. $1.749.

I also have a selection of golf villas and bay villas for sale.

 

The condos range from $600,000 and up. We have golf course and ocean views available.

All of the condos are close to the Montage Kapalua Bay, and world famous Kapalua Beach.

 

Contact me for more detailed information.

 

 

 

Another great reason to own real estate

by Joanne Foxxe

Lower the Rate - Deduct the Interest

Credit card debt in America is back to levels prior to the recession. The average credit card APR is just under 16% according to CreditCards.com Weekly Credit Card Report.  

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Homeowners have an advantage over renters when it comes to getting their arms around debt issues.

 

Basic money management suggests that higher rate debt be replaced with lower rate debt. Credit cards, personal cars, boats, motor vehicles and other personal property, typically have interest rates higher than that of real estate loans.

Borrowing against a person’s home usually provides the lowest rate of financing. Refinancing a home mortgage to take cash out to retire personal debt is one option. Another would be to secure a home equity or HELOC, home equity line of credit.

An alternative advantage of borrowing against one’s home is that the interest may be tax deductible unlike the interest on most personal debt. Qualified mortgage interest includes acquisition debt which can only be used to buy, build or improve a principal residence and up to $100,000 of home equity debt which can be used for any purpose.

Managing money is a critical life skill that people need to master. While the goal may be to become debt-free, paying the least amount of interest possible can be a good first step. Owning a home provides an asset that allows for options not available to tenants. Seek professional advice to determine your best course of action.

 

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Photo of Joanne Foxxe Real Estate
Joanne Foxxe
Kapalua Realty
700 Office Road
Lahaina HI 96761
(808)665-3761