Home Equity Line of Credit
Making Your Home Work for You

Owning a home gives you more than shelter. It gives you a way to build value you can draw from to borrow money when you need it. At American Savings Bank, we can help you maximize your home's stored value with an Equity ExpressSM home equity line of credit. Click here for information on our current Equity Express offer.

Use your line for home improvements, to consolidate bills, take a vacation, or just about anything else. Access to your line is easy and convenient - by check and a Platinum Visa® credit card. Plus take advantage of a low, long-term rate and more.

Apply Online - Get information on our online mortgage and equity line application. If you're ready to apply, click here.

Get an idea of the equity that you may have in your home with our Home Equity Calculator.

	Highlights Below > Benefits You’ll Receive > Fast Facts

Benefits You'll Receive

• Easy application process. Apply.
• Low, long-term rate*
• No points*
• No closing costs*
• No annual fee*
• Low-interest only monthly payments
• Interest may be tax deductible1
• Easy access to your funds by check and Platinum Visa credit card
• Exclusive Visa
• Platinum credit card benefits
• Time-saving automatic payment option from an American Savings Bank checking account
• Free 24-AccountAbilitySM bank-by-phone service
• TravelAwards PlusSM program option - enroll and earn points with every card purchase2

1 Consult your tax professional regarding the deductibility of interest.
2 Participation in the TravelAwards Plus program is optional; cost is $50/year (waived for first year). TravelAwards Plus Terms and Conditions apply.

	Fast Facts
	Low, long-term rate • Starting at prime*
	No annual fee • Whether you use your line or not*
	No closing costs • There are no closing costs for owner-occupants*
	Available Line of Credit • Based on the equity in your home

*

Initial Fixed Rate discounted to 1.00% Annual Percentage Rate (APR) available for the first year if there are automatic payments from an American Savings Bank checking account for applications received between 1/16/10 and 3/31/10 that fund by 4/30/10; otherwise, variable rates and terms apply. This discounted rate is not available to existing American Savings Bank home equity line of credit customers and may not be used to pay down or pay off existing American Savings Bank home equity line of credit balances. After the initial fixed rate period, rates are variable. Variable rates effective 1/2/10, range between 4.50% - 4.75% APR based on credit and occupancy; subject to change monthly based on the Prime Rate published in the Wall Street Journal, plus a margin. Minimum APR after initial fixed rate period will be 4.50%. Maximum APR is 18.00%. Receive a credit at loan closing (up to $500) to offset a third-party lender’s early closing fees when you make an initial advance on your new Equity Express account to pay off your existing home equity line of at least $10,000 with that third-party lender (payoffs less than $10,000 are not eligible for closing credit). Early closing fee must be assessed and identified by third-party lender through its payoff procedure to receive the credit at loan closing. Bank will cover the following closing costs (fees) for owner-occupied property: flood certification, title insurance, escrow, credit report, condo processing, mortgage recording, notary, release of third-party mortgage and an Automated Value Method (AVM) valuation (current tax assessed value will be used if an AVM is not available; however, customer may request an appraisal at an estimated cost of $500). Properties held in trust will be charged trust review and trust documentation fees (estimated between $149 and $209). Requests over $250,000 require an appraisal. All Investor lines and Owner-Occupant lines over $250,000 are subject to all fees (estimated between $10 and $3,000). These are approximations; contact us regarding your property. Account has a 10-year draw period (with interest only monthly payments) followed by a 20-year repayment period (with principal plus interest payments). A $500 fee will be assessed if account is closed or credit line is reduced within the first 3 years. Must be secured by fee simple property located in Hawaii only. Homeowner’s and hurricane insurance required; flood insurance required if property is located in flood zone. No grace period for credit card transactions; finance charges accrue from the date of transaction. Participation in the TravelAwards PlusSM program is optional at a cost of $50 per year; waived for the first year. Equity Express account agreement applies. Program subject to change or discontinuation without notice.