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SimpliFi by Bank of Hawaii

Your dreams. On your terms.

However you choose to use your home equity, we are committed to help you get where you aspire to be.

Use your home equity for life’s major milestones.

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Consolidate

Pay down debts at a much lower interest rate.

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Renovate

Remodel or make home repairs without straining your budget.

Educate

Help with the cost of education expenses.

Home Equity Line of Credit (HELOC) vs. Cash Out Refinance

Compare popular home equity solutions.

Compare popular home equity solutions.
HELOC HELOC Fixed Rate Option Fixed Rate Cash Out Refinance
Access to funds Revolving line of credit Lump sum at closing Lump sum at closing
Monthly payment Interest only with variable rate for first 10 years Fixed P&I for the length of the loan term1 Fixed P&I for the length of the loan term1
Rates Variable rate for first 10 years Fixed rate for entire loan term Fixed rate for entire loan term
Fees No bank closing costs; low annual fee No bank closing costs; low annual fee Typical mortgage closing costs

1 Principal and interest

Home Equity Line of Credit (HELOC) vs. Cash Out Refinance

Compare popular home equity solutions.

Access to funds
Revolving line of credit
Monthly payment
Interest only with variable rate for first 10 years
Rates
Variable rate for first 10 years
Fees
No bank closing costs; low annual fee
Access to funds
Lump sum at closing
Monthly payment
Fixed P&I for the length of the loan term1
Rates
Fixed rate for entire loan term
Fees
No bank closing costs; low annual fee
Access to funds
Lump sum at closing
Monthly payment
Fixed P&I for the length of the loan term1
Rates
Fixed rate for entire loan term
Fees
Typical mortgage closing costs

1 Principal and interest

1 Principal and interest

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Solutions to fit whatever life brings.

HELOC

A home equity line of credit allows you to withdraw the money you want when you want it. Plus, you’ll have flexible repayment options.

Cash Out Refinance

Cash out refinance allows you to leverage the equity in your home to access a lump sum of cash for life’s major milestones. Then repay your new mortgage over the term of your loan.

Have questions? Get in touch with our local lending experts.

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Why apply through SimpliFi by Bank of Hawaii?

Safe, fast and easy application process.

Work on your application on your time.

Work one-on-one with a trusted BOH loan officer.

Choose how you want to be reached: email, phone or in-person.

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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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