The Pearl | 2022 2nd Quarter Newsletter | Issue 25
NEW SERVICES | FRAUD ALERTS | ELDER ABUSE | MORE!
YOUR CARDS ARE GETTING A LITTLE PUSH
With Pearl Wallet, you can now conveniently add your Debit or Credit cards to Apple Pay or Google Pay!
Pearl Hawaii’s online and mobile banking upgrade includes major enhancements.
– WHAT IS FINANCIAL ELDER ABUSE? UNDERSTANDING FINANCIAL EXPLOITATION
– FINANCIAL ABUSE BY CAREGIVERS
– FINANCIAL EXPLOITATION BY A FIDUCIARY
– CHANGES TO YOUR PEARL HAWAII WEALTH ADVISOR’S ACCOUNT | HOW DO I LOG IN?
– BEYOND RETIREMENT: CONSIDER YOUR OTHER GOALS
– THESE SCAMS ARE ON THE RISE | HOW TO PROTECT YOURSELF
– GUARD AGAINST MULTI-FACTOR AUTHENTICATION SCAMS
– GIFT CARD SCAMS & FRAUD PREVENTION
HOME EQUITY LINES OF CREDIT
intro rates up to 5 years | 80% Loan-to-Value
THE PEARL 2nd Quarter 2022
Promotions and offers may end or change at any time.
*LTV – Loan to Value. APR- Annual Percentage Rate. 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 accepted as collateral. The minimum credit line is $5,000. 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 not allowed. Membership required.
The borrower must maintain fire, hurricane, and flood (if in a flood hazard zone) insurance on the property. PHFCU must be a loss payee on your Home Insurance policy. 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.
There are no points, pre-payment penalties, or annual fees. Closing Cost Fees that may be incurred: title insurance fee, document preparation fee, SRAappraisal 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. 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 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. For the introductory rate, the initial advance must be $5,000 or more. The minimum payment for 24, 36, and 60-month term fixed intro rates are $100.00.
The current non-introductory fully indexed variable APR is 4.00% for 80% LTV; the rate is applicable from 4/1/2022 through 3/31/2023. The Current Variable Index Rate will not exceed 18% APR. The minimum payment for the current variable annual rate is $100.00. For the Current Variable Annual Rate, the initial advance must be $1000 or more.
NMLS# 472169. Equal Housing Lender. Federally insured by NCUA.
*Annual Percentage Rate (APR). The loan rates advertised are “A” Tier loan rates in our Multi-Tiered Loan Rate Program. Other rates and terms are available. Other terms, conditions, and restrictions may apply. 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. Rates and payment examples can be found here.
THE PEARL 2nd Quarter 2022