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 as of 1/15/10 and/or 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.

** First year’s interest savings is an estimate based on the difference between the Balance x 1% and the Balance x 5%. This is not a commitment to make you a loan, nor is it an indication of the actual rate for which you may qualify.