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Bankoh Home EquityLine

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Bankoh Home EquityLine - Terms and Disclosures

*The Bankoh Home EquityLine introductory Annual Percentage Rate (APR) of 1.25% or 1.95% will be effective for the first 12 or 24 months respectively, from the date your new Bankoh Home EquityLine account is opened (the “Introductory Period”). Introductory rate discounts available for Bankohana Level II or III customers who sign up for automatic payments from a Bankohana Level II or III checking account on their application. Offer is valid for qualifying applications received between April 1 – May 31, 2014. After the Introductory Period, the APR may vary at any time and will be equal to the U.S. Prime Rate, published daily in The Wall Street Journal, plus: (i) a margin of 0.50% for a qualifying first lien or second lien behind a Bank of Hawaii first mortgage on an owner occupied fee simple property if the combined loan-to-value is < 70%, or (ii) a margin of 1.00% for a qualifying second lien behind a non-Bank of Hawaii first mortgage on an owner occupied fee simple property if the combined loan-to-value is < 70%. The current non-introductory fully indexed variable APR as of March 1, 2014, subject to the 4.50% floor rate, is 4.50%. In no event will the APR be less than 4.50% or more than 19.00% for Hawaii and 18.00% for Guam. Other fully indexed APRs are available for qualifying applications not meeting the above criteria, such as investor properties. There is a $50 annual fee. Payments to third parties of certain fees, which generally total between $0 and $1,700 ($950 and $5,200 for Guam) may be required at closing, and are not waived as part of this offer. Any existing junior liens must be paid off and may be paid by an initial draw from the new line of credit. The initial advance must be $10,000 or more (applicable for Guam only). Property that will secure your home equity account must be located in the state of Hawaii or territory of Guam. You must also maintain fire, hurricane, and flood (if in flood hazard zone) insurance on the property that secures the home equity account located in Hawaii or fire, typhoon, and flood (if in flood hazard zone) insurance on the property that secures the home equity account located in Guam. Existing home equity accounts are not eligible for this offer. Certain requirements and restrictions may apply. Subject to loan approval.
**Discounted 10 and 15 year Fixed Rate Loan Options (“FRLO”) APRs (“FRLO APRs”) are applicable only if the FRLO’s are established at account opening with a minimum $10,000 draw. The FRLO APR is determined by adding a discounted margin of 1.25% to the Weekly Average Yield on the 10 or 20-year U.S. Treasury Notes respectively, published on the second to the last Monday of the prior month (the “Index”). The FRLO APR will be subject to the existing floor rate of 4.50%. If the FRLO is not established at account opening, or is less than $10,000, the margin to be added to the Index will remain at 2.00%. The discounted margin is valid for qualifying applications received between April 1 – May 31, 2014.
†Waived bank closing costs include $125 mortgage documentation fee, $75 trust review fee, and $75 condominium review fee (not applicable in Guam). If escrow is required, we will provide a credit of up to $175 to offset home equity related escrow fees.

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Homeowners all across Hawaii are saying, "Thanks equity"
because they're tapping into their home's equity
to pay for things that really matter to them.
What will you "thank your home equity" for?

  • Thanks home equity

    for helping us go green!
    With a home equity line, you can easily manage expenses by borrowing only what you need at the time you need it. If you're installing a photovoltaic system, or building an extension, a home equity line can help.
  • Thanks home equity

    for my dream kitchen.
    You have the power to borrow against your line when you need to, and control how quickly you repay. Equity line checks can make payments easy. Equity lines can provide immediate cash for the expected - like a dream kitchen - or the unexpected.
  • Thanks home equity

    for helping us pay for college.
    Home equity lines offer lower interest rates than most credit cards, making large tuition payments more manageable.
  • Thanks home equity

    for consolidating my debt so I can rest easy.
    Instead of paying multiple bills with various interest rates, consolidate debt by using a home equity line. You'll make just one payment and take advantage of the lower intrest rate that a home equity line offers over conventional loans and credit cards.

"Thanks home equity"
for these great benefits!

Convenient access to funds

Borrow only what you need, when you need it using e-Bankoh®, Bankoh by Phone, or a Bankoh Home EquityLine check. Our mobile banking app makes it especially easy to access your line and transfer funds.

Option to fix your rate

This feature provides you additional budgeting power, with the peace of mind that comes from a fixed rate.

Easy to manage repayment

Enjoy low monthly payments during the 10-year draw period. Then you'll have 15 years to fully repay the balance, or pay off sooner if you choose.

Added buying power - Fixed Rate Loan Option

You won't find this feature everywhere. A Bankoh Home EquityLine comes with the option to lock in all or a portion of your line at a fixed rate by selecting a Fixed Rate Loan Option. So you keep all the flexibility of a line, but with the added benefit of predictable monthly payments.

America's Best Banks

For the fifth straight year, Forbes Magazine has named Bank of Hawaii one of "America’s Best Banks." (Forbes Magazine, Dec. 19, 2013 online edition).

"Thanks home equity"
for helping me save money.

Our Bankoh Home EquityLine helps keep dollars in your wallet since the interest you pay may be tax deductible (please consult your tax advisor to learn more). In addition, our interest rates are typically lower than most credit cards and conventional loans, so using your line to consolidate your bills may also result in savings.

Consolidate debt into a home equity

Bank of Hawaii Assistant Vice President and West Oahu Regional Manager Ryson Matsumura discusses consolidating debt into a home equity.

Terms and Disclosures

*The Bankoh Home EquityLine introductory Annual Percentage Rate (APR) of 1.25% or 1.95% will be effective for the first 12 or 24 months respectively, from the date your new Bankoh Home EquityLine account is opened (the “Introductory Period”). Introductory rate discounts available for Bankohana Level II or III customers who sign up for automatic payments from a Bankohana Level II or III checking account on their application. Offer is valid for qualifying applications received between April 1 – May 31, 2014. After the Introductory Period, the APR may vary at any time and will be equal to the U.S. Prime Rate, published daily in The Wall Street Journal, plus: (i) a margin of 0.50% for a qualifying first lien or second lien behind a Bank of Hawaii first mortgage on an owner occupied fee simple property if the combined loan-to-value is < 70%, or (ii) a margin of 1.00% for a qualifying second lien behind a non-Bank of Hawaii first mortgage on an owner occupied fee simple property if the combined loan-to-value is < 70%. The current non-introductory fully indexed variable APR as of March 1, 2014, subject to the 4.50% floor rate, is 4.50%. In no event will the APR be less than 4.50% or more than 19.00% for Hawaii and 18.00% for Guam. Other fully indexed APRs are available for qualifying applications not meeting the above criteria, such as investor properties. There is a $50 annual fee. Payments to third parties of certain fees, which generally total between $0 and $1,700 ($950 and $5,200 for Guam) may be required at closing, and are not waived as part of this offer. Any existing junior liens must be paid off and may be paid by an initial draw from the new line of credit. The initial advance must be $10,000 or more (applicable for Guam only). Property that will secure your home equity account must be located in the state of Hawaii or territory of Guam. You must also maintain fire, hurricane, and flood (if in flood hazard zone) insurance on the property that secures the home equity account located in Hawaii or fire, typhoon, and flood (if in flood hazard zone) insurance on the property that secures the home equity account located in Guam. Existing home equity accounts are not eligible for this offer. Certain requirements and restrictions may apply. Subject to loan approval.
**Discounted 10 and 15 year Fixed Rate Loan Options (“FRLO”) APRs (“FRLO APRs”) are applicable only if the FRLO’s are established at account opening with a minimum $10,000 draw. The FRLO APR is determined by adding a discounted margin of 1.25% to the Weekly Average Yield on the 10 or 20-year U.S. Treasury Notes respectively, published on the second to the last Monday of the prior month (the “Index”). The FRLO APR will be subject to the existing floor rate of 4.50%. If the FRLO is not established at account opening, or is less than $10,000, the margin to be added to the Index will remain at 2.00%. The discounted margin is valid for qualifying applications received between April 1 – May 31, 2014.
†Waived bank closing costs include $125 mortgage documentation fee, $75 trust review fee, and $75 condominium review fee (not applicable in Guam). If escrow is required, we will provide a credit of up to $175 to offset home equity related escrow fees.