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Bankoh Home EquityLine - Terms and Disclosures

* The current Bankoh Home EquityLine fully indexed variable APR as of February 1, 2012 subject to the 4.50% floor rate is 4.50%. In no event will the APR be less than 4.50% nor more than 19.00% (18.00% for Guam). The APR may vary at any time and will be equal to the Prime Rate, published daily in The Wall Street Journal, plus a margin of 0.50% for a qualifying first or second lien request on an owner occupied fee simple property if the combined loan-to-value is < 70% and the line is ≥ $10,000. Other fully indexed APRs are available for qualifying applications not meeting the above criteria, such as investor properties. There is a $50 annual fee, $125 mortgage documentation fee, $75 trust review fee, and $75 condo review fee (not applicable in Guam). Payment to third parties of certain fees, which generally total between $0 and $1,700.00 ($950 and $2,800 for Guam) may be required at closing. Any existing junior liens must be paid off and may be paid by an initial draw from the new line of credit. 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 if in a flood zone, flood insurance (fire, typhoon, and flood (if in flood hazard zone) for Guam). Subject to loan approval. Certain requirements and restrictions may apply.
♦ The 7-year Fixed Rate Loan Option is a feature that is part of the home equity line. The rate for the fixed rate option is determined at time the option is exercised and has a fixed APR which as of 2/1/12 is 4.50%. The balance is not subject to the fully indexed variable rate. Other fixed rate loan terms and interest rates are available throughout the 10-year Draw Period of the line. Fixed Rate Loan Options are fully amortized over the term selected and the monthly payments are in addition to minimum monthly payments on the variable rate portion of your line.

Take advantage of the equity
in your home.

Great low rates are available now.

*View terms and disclosures >

Bank of Hawaii’s Bankoh Home EquityLine
offers you many 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.

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.

Tax deductible interest

Interest paid on an equity line may be tax-deductible. Please consult your tax advisor to learn more.

America’s Best Banks

For the third straight year, Forbes Magazine has named Bank of Hawaii one of "America’s Best Banks." (Forbes Magazine, Dec. 13, 2011 online edition).

Great ways to make use of a home equity line

  • Make improvements to your home. With a home equity line you can easily manage renovation expenses, borrowing only what you need at the time you need it. Equity line checks make payments to contractors easy.
  • Manage school tuition payments. Home equity lines offer lower rates than most credit cards, making large tuition payments more manageable.
  • Pay for a wedding or other special occassion. A home equity line can help you with special occassions like your child's wedding or a new baby. Great rates keep monthly payments low. Plus, credit becomes available again as you repay.
  • Prepare for the unexpected. Equity lines are the perfect tool for handling unexpected expenses like medical bills or home repairs. You have the power to borrow against your line when you need to, and control how quickly you repay.

Fix your rate for added budgeting power

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.

Why choose a Fixed Rate Loan Option?

  • Low fixed rates offer predictable monthly payments
  • Fixing a portion of your line for large purchases can ensure that it is paid off within your selected term
  • Unlike credit cards, there are no balance transfer fees

Learn more about debt consolidation

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 current Bankoh Home EquityLine fully indexed variable APR as of February 1, 2012 subject to the 4.50% floor rate is 4.50%. In no event will the APR be less than 4.50% nor more than 19.00% (18.00% for Guam). The APR may vary at any time and will be equal to the Prime Rate, published daily in The Wall Street Journal, plus a margin of 0.50% for a qualifying first or second lien request on an owner occupied fee simple property if the combined loan-to-value is < 70% and the line is ≥ $10,000. Other fully indexed APRs are available for qualifying applications not meeting the above criteria, such as investor properties. There is a $50 annual fee, $125 mortgage documentation fee, $75 trust review fee, and $75 condo review fee (not applicable in Guam). Payment to third parties of certain fees, which generally total between $0 and $1,700.00 ($950 and $2,800 for Guam) may be required at closing. Any existing junior liens must be paid off and may be paid by an initial draw from the new line of credit. 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 if in a flood zone, flood insurance (fire, typhoon, and flood (if in flood hazard zone) for Guam). Subject to loan approval. Certain requirements and restrictions may apply.
♦ The 7-year Fixed Rate Loan Option is a feature that is part of the home equity line. The rate for the fixed rate option is determined at time the option is exercised and has a fixed APR which as of 2/1/12 is 4.50%. The balance is not subject to the fully indexed variable rate. Other fixed rate loan terms and interest rates are available throughout the 10-year Draw Period of the line. Fixed Rate Loan Options are fully amortized over the term selected and the monthly payments are in addition to minimum monthly payments on the variable rate portion of your line.