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Pearl Hawaii Credit Union
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Pearl Hawaii Credit Union
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HELOC Special

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DREAM A LITTLE BIGGER WITH A HELOC…

Consolidate debt, fix up your home, take a vacation- whatever you need! Pearl Hawaii offers affordable rates and flexible financing options. Better yet, the interest you pay may be tax-deductible (Consult your tax advisor for your personal situation).

 

2 YEAR FIXED INTRO RATE

  • 80% Loan-to-Value Intro Rate: 1.75% APR*

3 YEAR FIXED INTRO RATE

  • 80% Loan-to-Value Intro Rate: 2.00% APR*

5 YEAR FIXED INTRO RATE

  • 80% Loan-to-Value Intro Rate: 2.75% APR*

CURRENT VARIABLE ANNUAL RATE

  • 80% Loan-to-Value Rate: 4.00% APR*

 

HELOC SPECIAL BENEFITS

  • Credit lines up to $300,000.
  • Only pay interest on what you borrow.
  • Great for home renovations.
  • The initial advance is $10,000.
  • Additionally, there are no annual fees.
  • Tax-deductible (Consult your tax advisor for your personal situation).
  • Experienced specialists to help you through the application process.
  • Overall, great if you want the flexibility to use your funds over time.

 

  • *LTV – Loan to Value. The Introductory Annual Percentage Rate (APR) of 1.75% will be effective for the first 24 months, 2.00% for the first 36 months, or 2.75% for the first 60 months of the Introductory Period. After the Introductory Period, the rate will adjust to the standard annual-adjustable interest rate in accordance with your Home Equity Credit Agreement. The current non-introductory fully indexed variable APR is 4.00% for 80% LTV; the rate applicable from 4/1/2022 through 3/31/2023. The Current Variable Index Rate shown is current as of 4/1/2022 and will not exceed 18% APR. Total HELOC loan amount received, rate, and terms are subject to credit approval. The offer is valid for qualifying applications to new Home Equity Lines of Credit. Only improved owner-occupant properties on Oahu are accepted as collateral. The minimum credit line is $5,000 and the maximum credit line for an 80% LTV Fee-Simple Owner-Occupied Property, the lesser of $300,000 or 80% LTV minus the balance of your existing mortgage. Refinancing of existing Pearl Hawaii Federal Credit Union Home Equity Lines of Credit is not allowed. Membership required. The borrower must maintain fire, hurricane, and flood (if in a flood hazard zone) insurance on the property and Pearl Hawaii Federal Credit Union must be a loss payee on your Home Insurance policy. There are no points, pre-payment penalties, or annual fees. Closing Cost Fees that may be incurred: title insurance fee, document preparation fee, SRA\appraisal fee, appraisal review fee, trust review fee, recording fees, application fee, or flood verification fee. Closing cost fees incurred will be dependent on the amount borrowed and will vary based on the member’s situation and are estimated between $200 to $5000. For the introductory rate, the initial advance must be $5,000 or more. For the Current Variable Annual Rate, the initial advance must be $1000 or more. Other conditions and restrictions may apply. Any existing junior liens from financial institutions other than PHFCU must be paid off and may be paid by an initial draw from the new Home Equity Line of Credit account. Visit any of our branches for more information. May not be used for a business loan. The borrower must be 18 years of age or older. Promotion is subject to change or cancellation without prior notice. The minimum payment for 24, 36, and 60-month term fixed intro rates and for the current variable annual rate is $100.00.

    NMLS# 472169. Equal Housing Lender. Federally insured by NCUA.

    HELOC EARLY DISCLOSURE