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Refinance

Rates are still low. Find out if refinancing makes sense for you today.

Four reasons to consider refinancing

The mortgage refinancing process involves paying off an existing loan and replacing it with a new one. From making home improvements to saving money each month, refinancing can help you achieve your goals.


Lock in a lower rate.

Refinancing your mortgage to a lower rate could decrease your monthly payment and help you save over the life of your loan.


Pay for important life expenses.

Whether you’re looking to bank some cash for a rainy day or fund an important project, consider tapping into your home equity with a cash-out refinance.


Change from an adjustable-rate to a fixed- rate mortgage.

In this low-rate environment, you could save by switching from an adjustable rate to a low, fixed rate, with greater stability over the long run.


Shorten or extend the length of your term.

If you’re looking to lower your monthly payment, consider extending your loan term. Or consider shortening your term to pay off your mortgage faster and potentially at a lower rate.

Refinance today

Lock in savings while rates are low.

Interest rates can change at any time. Lock in savings while rates are low. 

Get started

 

Fixed

Refinance Rates for Hawaii

Refinance Rates for Hawaii
30 Year 1 15 Year 1
Interest Rate 3.000% 2.375%
Annual Percentage Rate 3.069% 2.625%
Points 0.875% 1.750%
Monthly Principal & Interest Payment
per $100,000 borrowed
$421.60 $660.92

Rates as of 07/06/2020 and can change without notice. Rate is based on a 60-day lock. 

1 Maximum loan amount $765,600.
2 The information provided on this page is for informational and comparative purposes only. Rates and terms may change at any time and without prior notice. Your actual rate, payment, terms, and costs could be different. Get an official Loan Estimate before choosing a loan. Your rate, fees, and terms may differ based on various factors such as: when your rate is locked, actual occupancy status, loan purpose, loan amount, credit score, loan to value ratio, etc. The payment examples are principal and interest only and do not include mortgage insurance, taxes and other property insurance. The actual payment will be higher if mortgage insurance is required on your loan. Your actual payment obligation will be greater considering taxes and insurance premiums.

Fixed

Refinance Rates for Hawaii

Interest Rate
3.000%
Annual Percentage Rate
3.069%
Points
0.875%
Monthly Principal & Interest Payment
per $100,000 borrowed
$421.60
Interest Rate
2.375%
Annual Percentage Rate
2.625%
Points
1.750%
Monthly Principal & Interest Payment
per $100,000 borrowed
$660.92
Interest Rate
-
Annual Percentage Rate
-
Points
-
Monthly Principal & Interest Payment
per $100,000 borrowed
-

Rates as of 07/06/2020 and can change without notice. Rate is based on a 60-day lock. 

1 Maximum loan amount $765,600.
2 The information provided on this page is for informational and comparative purposes only. Rates and terms may change at any time and without prior notice. Your actual rate, payment, terms, and costs could be different. Get an official Loan Estimate before choosing a loan. Your rate, fees, and terms may differ based on various factors such as: when your rate is locked, actual occupancy status, loan purpose, loan amount, credit score, loan to value ratio, etc. The payment examples are principal and interest only and do not include mortgage insurance, taxes and other property insurance. The actual payment will be higher if mortgage insurance is required on your loan. Your actual payment obligation will be greater considering taxes and insurance premiums.

Rates as of 07/06/2020 and can change without notice. Rate is based on a 60-day lock. 

1 Maximum loan amount $765,600.
2 The information provided on this page is for informational and comparative purposes only. Rates and terms may change at any time and without prior notice. Your actual rate, payment, terms, and costs could be different. Get an official Loan Estimate before choosing a loan. Your rate, fees, and terms may differ based on various factors such as: when your rate is locked, actual occupancy status, loan purpose, loan amount, credit score, loan to value ratio, etc. The payment examples are principal and interest only and do not include mortgage insurance, taxes and other property insurance. The actual payment will be higher if mortgage insurance is required on your loan. Your actual payment obligation will be greater considering taxes and insurance premiums.

Read more

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Ready to get started?

What to expect when applying for a mortgage refinance with SimpliFi Mortgage by Bank of Hawaii:

1. Create an account (if you don’t already have one).
2. Log in and provide us with some financial information.
3. Choose a loan term and rate.

What you will need to apply:

1. Pay stubs for the most recent 30-day period.
2. W-2s from the last 2 years.
3. Tax returns from the last 2 years.
4. Bank statements for the most recent 2-month period or quarter.

Apply Now

Have questions? Contact our local lending experts to get all your questions answered.

Questions about refinancing? We've got the answers.

Whether you are looking to take advantage of a lower rate, consolidate debt, or adjust your mortgage term, our e-book covers the important topics you’ll consider throughout the refinance process.

ebook refinance cover photo
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Trusted Lender

#1 in total dollars and numbers of loans made in the State of Hawaii*

*#1 Residential Lender ranking is for total number of residential loans and total dollars made by a lender in the State of Hawaii in 2019. Information compiled by Title Guaranty derived from Hawaii Bureau of Conveyances tax data recorded information for 2019. Information is deemed reliable but not guaranteed.

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