NEWS RELEASE
FIRST HAWAIIAN BANK’S POWERFUL ONLINE MORTGAGE PLATFORM PROVIDES REAL-TIME CLOSING COST ESTIMATES
FHB enhances its digital mortgage platform to include closing cost estimates and interest rates up front
HONOLULU, June 21, 2021 -- First Hawaiian Bank (FHB) today announced that its digital mortgage platform now provides closing cost estimates and interest rates up front so borrowers can quickly get a better idea of what it will cost to purchase a home. FHB is the only bank in Hawaii to provide this kind of intelligence without having to go through a complete loan application process.
FHB’s digital mortgage platform with this new feature is incredibly useful in Hawaii’s ultra-competitive residential housing market, where people are making offers above asking price and homes are lasting on the market for just a matter of days. The new “Quick Quote” feature on FHB’s digital mortgage platform gives homebuyers added insights into what their closing costs and monthly payments might look like based on the rate they select, helping them get a clearer understanding of their expenses as they determine what they can afford or what they might like to offer when considering a purchase.
“The closing cost estimate feature is a game changer because borrowers can get a snapshot of closing costs and monthly payments without going through the application process. It gives them a better idea of what loan options and expenses look like as they shop and plan for the purchase of a home,” said Tony Au, FHB’s Executive Vice President and Residential Real Estate Division Manager. “Using the quick quote tool and having the support from an FHB mortgage loan officer can give homebuyers added confidence in what they can afford so they can act quickly when they find their ideal home.”
Homebuyers using FHB’s digital mortgage platform can also get added guidance and support from the bank’s mortgage loan officers who understand the local real estate market and can help guide users through the complexities of purchasing a home in Hawaii from offer to close.
FHB’s digital mortgage platform is a part of FHB’s suite of digital services, including FHB Online, FHB Mobile Banking and FHB Online Business, which all work to connect people with important financial information anytime, anywhere. The platform is available for anyone looking to gain insights and confidence when looking to buy a home. For more information or to get started visit fhb.com/digitalhome.
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