Lunch & Learn (on campus!) on buying a home or refinancing in Hawaii

UHPA,  via our partners at HomeStreet Bank, are excited to present “Home Buyer Confidence” on April 5, 2017 at Manoa Campus Center 307, from 11:55am-1pm.  There is no cost to attend and this is for UHPA members only. Light lunch and refreshments will be provided, courtesy HomeStreet Bank.

Why should you attend?

Are you worried about rising interest rates in 2017? Prepare for what’s next by getting the most pertinent and current home purchase information.

Empower yourself by understanding key mortgage factors that allow you to purchase real estate.

Confidence and peace of mind are critical when you are about to make the largest financial decision of your life. You will get exposure to simple tips directly from a mortgage lender to help you move forward with your home purchase.

You might save a lot on your mortgage

UHPA members have demonstrably saved thousands of dollars with using the HomeStreet Bank programs.  In 2016 alone, there were 6 loans made to UHPA members with a total savings of $10,684. Over the life of the program, savings have totaled $144,343.

What you will learn:

  • How to build your down payment
  • Loan program availability based on your financial situation
  • How mortgage rates affect your monthly affordability
  • How to prepare and compete: Prequalification vs. PreApproval
  • What lenders look for in different property types like Single Family with Accessory Dwellings, condos, multi-unit

Agenda:

  1. Role of your mortgage lender and loan officer
  2. Saving for down payment
  3. Loan program availability
  4. Mortgage payment affordability strategies
  5. Preparing to compete in the real estate marketplace
  6. Property red flags

Seating is limited! Reserve your seat and lunch now.

Campus Center room 307 has a finite number of seats and we anticipate this seminar will be very popular. Seating is available on a first-come, first-served basis and must be reserved in advance so if you plan on attending please do so immediately.

Not a member yet? Joining is quick, easy, online, and won’t cost you extra.

Interest-Free Loan for UH New Hires

The University of Hawai`i Federal Credit Union and UHPA have teamed up to offer you a UH New Hire Loan up to $5,000 at 0% APR to help cover moving costs and other expenses as you make the transition to your new position as a faculty or staff member of the UH System. Click here for more information on how to access this benefit.

Last chance for a heavily discounted room at Aulani Resort for 2016 Halloween

This is the last notice you will receive from UHPA. There are only a few rooms left for this popular membership benefit so if you’re going to go, reserve this now.  No rooms will be available at this rate after September 30th and there is a possibility that all available rooms allocated to us will be sold out before then. Do it now.

We’ve got a special bonus this year: Two Hawaii Food and Wine Festival events will be held at Ko’olina over the same weekend.

This has become one of UHPA’s most popular events and sells out quickly. We again have negotiated extremely good rates this year and invite all UHPA Members to take advantage of this great offer.

Host a Lunch & Learn for home loans / refinancing on your campus

We’re in the planning stages with our partners at HomeStreet Bank to produce a “Lunch & Learn” workshop in the fall of 2016.   Several faculty have asked if we could host this workshop at their campus and we would love to do so. If you think you can get about 10 or so of your colleagues to attend a workshop at your campus, there’s a good chance we can put something together.

Interested? Contact us and we’ll work with you to organize something, preferably in the fall.

We do have a default plan in the works and we’ll adjust it if we get some feedback otherwise.

Save a bundle on your next vehicle with UHPA

JN Automotive has joined UHPA’s membership benefits network and now you can purchase your next vehicle at 3% above dealer cost and get personalized VIP treatment along the way.

UHPA Member savings totaled over $100,000 on home closing costs

UHPA is happy to offer a nationally recognized, award winning home ownership program to all of its members in partnership with HomeStreet Bank.

The Hometown Home Loan Program recently won the American Bankers Association Community Commitment Award for affordable housing, celebrating more than two decades of giving back to its communities. The Hometown Program has become a uniquely significant resource by eliminating common barriers to affordable home ownership for UHPA members. The program’s primary focus is to provide access to local down-payment assistance programs, home ownership education resources, and significant savings on closing costs.

In the years since UHPA began offering this program, UHPA members have saved a total $133,000 on closing costs by working with the Hometown Home Loan Program. As a UHPA member you can contact Shad Woodland (NMLS ID#502166) at 808-447-1412 to learn more about your benefits or just click over to the HomeStreet Bank website for more information.

UHPA Members get a FREE mini-membership at the Honolulu Club

Offer expires March 16, 2016.   All UHPA Members are invited to take advantage of a complimentary “Mini-Membership” valued at over $105.00   This in addition to their already fabulous full membership rates make this an offer worth looking into. Please contact Quincy Guzman at 539-8100 to register!

Included with Mini Membership:

  • Social and business networking events with an exclusive membership network.
  • Live entertainment 5 days a week inside our restaurant & lounge.
  • Relaxation time in the sauna, steam room, jacuzzi & therapeutic cold plunge.
  • Over 100 group exercise classes a week.

 

UHPA Members Attend Home Financing Seminar

The mortgage professionals from HomeStreet Bank hosted a free “lunch & learn” real estate financing seminar last Wednesday, October 14 at the Campus Center for UHPA members.

This one-hour workshop presented helpful tools to navigate participants through the real estate financing process. Whether you plan to refinance or purchase, the real estate lending industry has changed considerably with the most profound regulatory changes in the history.  Jason Martinson, Regional Manager at HomeStreet Bank – Hawaii educated UHPA members on the following topics: understanding mortgage terms and shopping for a mortgage, tips on buying a home, FICO credit scores, and more.  

HomeStreet Bank is a UHPA benefit partner offering discounts to UHPA members.  For information on the UHPA benefit with HomeStreet Bank, please contact Shad Woodland at (808) 447-1412 and make sure you mention you’re a proud member of UHPA.

Not a member? Sign up now. It’s fast, easy, and online.

Save the date: Oct 30-Nov 1 for this year’s Aulani UHPA Offer!

Last year UHPA members enjoyed an exclusive offer of discounted rates at the Aulani Resort that featured special Halloween events, great for the whole family.

By popular demand, we’re repeating that offer year so save the date with reservation info to come!

 

FacFAQs: When do I get that raise that’s in the new contract?

Senior Botany Professor and 9-month faculty member at Mauna Kea College, Dr. Domingo, knows the new UHPA-BOR 2015-2017 contract went into effect on July 1, 2015. He was just telling a new hire that union dues are 1% of your salary, yet, due to this contract, faculty will get an 8% raise over the next two years. Not a bad return on investment! However, Dr. Domingo just got his July 20th paycheck, and he isn’t seeing his increase. Was there a snag in the contract?

Answer:

The duty period for 9-month faculty runs from mid-August to mid-May (the academic year).  Dr. Domingo is technically only earning money until May, but his paychecks for that period are spread out over 12 months.  As a result, he receives paychecks through the summer for monies already earned over the previous year. Even though the new contract is in effect, Dr. Domingo won’t be earning money under the new contract terms until he returns to work. As a result, he can expect to see his new salary kick in after he starts earning money under the new agreement in mid-August.

If Dr. Domingo had been on an 11-month appointment, his duty period would begin on July 1. Therefore, his salary increase would also be applied on July 1st, the day he starts earning money again under the new contract. In fact, this was the source of his confusion; he was on a temporary 11-month appointment in 2009 when the last contract went into effect.