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Welcome to Infinite Financial – Your Trusted Mortgage

and Life Insurance Partner


Welcome to Infinite Financial, your trusted guide in the world of mortgages and life insurance. Our dedicated team prides itself on exceptional service, drawing on extensive expertise to tailor solutions to your unique needs. We turn complexity into simplicity, guiding first-time homebuyers, seasoned investors, and individuals seeking long-term wealth security.

Infinite Financial is not just a service provider - we aim to be your lifelong partner. We understand your goals, devise strategies to match, and stay by your side, providing support and open communication every step of the way.

With a firm commitment to learning and industry trends, we empower you with innovative solutions and the knowledge to make informed decisions. Explore our website, discover how we can light your path to financial security, and take the first step towards a bright financial future. Welcome to Infinite Financial, where the possibilities are endless.

Our Services

Mortgage Products

Explore our mortgage products for a tailored financing solution that meets your needs. From first-time homebuyers to real estate investors, we offer a wide range of options to help you achieve your homeownership or investment goals.

Life Insurance Products

Protect your loved ones and secure their future with our life insurance products. Choose from a variety of coverage options, including term life, whole life, and universal life policies. Our flexible plans offer peace of mind and financial security.

Talk to a Professional

Connect with our professional loan officers for expert guidance throughout the mortgage process. Get personalized assistance and make informed decisions on your path to homeownership. Start your journey with us today!

WHY INFINITE FINANCIAL?

✔Best products to suit customer’s needs

✔Think outside the box

✔Fast closings (lender dependent) – As little as 2 weeks

✔Appraisal waivers

✔Best rates/terms or match other lenders

✔No overlays Can close loans in buildings others can’t

✔Broker locally and nationally

✔Extra level of service can help close deal

✔Help customers with credit to qualify or get a better rate

Blogs

Master Hurricane Insurance Gap Lending Options -- Finance Factors Out!

Breaking News! Master Hurricane Insurance Gap Lending Options -- Finance Factors Out!

December 08, 20232 min read

Video update

 

Hi all,

 

A big issue has come up recently for financing condos without sufficient master hurricane insurance.

 

Update:  Master Hurricane Insurance Gap Lending Options

 

Fannie Mae and Freddie Mac, the Government-Sponsored Enterprises (GSE’s) that set the guidelines for conventional loans, which most lenders follow for other types of loans, too, require that a condo building’s master hurricane insurance policy provide 100% coverage of the replacement value for the building. 

 

For various reasons, there are many condo buildings in Hawaii that currently don’t have sufficient master hurricane insurance coverage to meet this requirement.  As a result, most lenders can’t finance units in these buildings. 

 

Local Lenders not Offering Financing for Master Hurricane Insurance Gap Buildings

 

Local lenders are currently not offering financing for these buildings that don’t have sufficient master insurance coverage.  The one local lender who had decided to finance these buildings with restrictions when the borrower had their own “gap hurricane coverage” has suspended offering this financing.

 

Fortunately, we can still finance these buildings using two of our national lenders.  See below.



National Lenders

 

Fortunately, one national lender we work with has confirmed with their head of credit that they have no minimum coverage requirement for condo master hurricane insurance.  They do full documentation, bank statement, jumbo, foreign national, asset dissipation, and DSCR loans, but not conventional, VA, FHA, or USDA loans, with a minimum 10% down payment.  Their rates are a little higher than a conventional loan, with rates varying quite a bit depending on the down payment, credit score, type of loan, and other factors.

 

Another national lender we work with has a condo department that hasn’t been checking the master hurricane coverage on conventional, VA, FHA, USDA, or jumbo loans, but we don’t know how much longer that will be the case.

 

We currently have loans in process with both of these lenders, and have recently closed loans with them in these buildings. 

 

If anyone wants more details on the background and intricacies of this issue, please feel free to call me.

 

Please let us know if we can help with any buyers or listings you have for these buildings.  We have a great team of 10 loan officers who can help.

Aloha,

 

Duncan Hsia

Owner, Loan Originator NMLS # 998053

Infinite Financial, LLC NMLS # 1866302

Life insurance license # 475332

1050 Queen St., Suite 100, Office A2

Honolulu, HI  96814

Cell: 808-489-1067
Fax: 808-
649-3885

[email protected]

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Duncan Hsia combines his financial background (graduated from the Wharton Business School and Punahou School) and extensive customer service experience to deliver an unmatched experience to mortgage customers.

Duncan prides himself on providing clients and agents with excellent communication, making sure they’re comfortable with every step in the process, and working with them to get the best terms for their needs. Whether helping them buy their dream home or helping them lower their monthly housing costs through refinancing, Duncan relishes the sight of happy clients improving their financial situation.

Duncan Hsia

Duncan Hsia combines his financial background (graduated from the Wharton Business School and Punahou School) and extensive customer service experience to deliver an unmatched experience to mortgage customers. Duncan prides himself on providing clients and agents with excellent communication, making sure they’re comfortable with every step in the process, and working with them to get the best terms for their needs. Whether helping them buy their dream home or helping them lower their monthly housing costs through refinancing, Duncan relishes the sight of happy clients improving their financial situation.

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FREE Guide to Home Financing in Hawaii

Through this eBook, we aim to bring clarity to the complex world of home financing in Hawaii. We debunk common myths, illuminate the various financing options available, and outline how we at Infnite Financial can assist you on this journey.

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An easy way to know your next step

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Break down the terms and acronyms that will be used

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1050 Queen St., Suite 100, Office A2

Honolulu, HI 96814

(808) 489-1067

1050 Queen St, Honolulu, HI 96814, USA

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