/*-->*/ /*-->*/ First Hawaiian Bank offers a home equity line of credit on many types of property, including:
The interest you pay may be 100% tax deductible. (Consult your tax advisor regarding the deductibility of interest.)
/*-->*/ /*-->*/ The amount you can borrow is determined by the equity you have in your home. The example below shows how equity is determined for a house or condominium appraised at $400,000.
/*-->*/ /*-->*/ It generally offers a much lower interest rate* compared to credit cards or other personal loans since it is secured by real property. Consult a tax advisor regarding the deductibility of interest.
Once you’ve opened your Home Equity Line of Credit, you’ll receive checks that look and work much like any regular personal checks. To make yourself a loan, just write a check for the amount you need. Nothing could be faster and more convenient. And even if you don’t need a loan now, it’s nice to know your Home Equity Line of Credit will be there when you need it.
Use it for home improvements, tuition payments, bill consolidation, buy a new car, or go on vacation. It's easy and convenient to pay for almost anything.
/*-->*/ /*-->*/ A line of credit secured by your home or other improved property you own. Depending on your equity in the property, your credit line can range from $20,000 to $1,500,000.