Promo Rate

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  1. Subject to loan application and qualification meeting American Savings Bank’s underwriting and credit policy.

    For the Refinance EEX the current variable rate effective 1/1/19 is 7.00% APR, and is subject to change monthly based on the highest Prime Rate published in the Wall Street Journal, plus a margin (subject to the floor rate of 5.00%; maximum APR is 18.00%). If your line amount is more than $25,000, a fee of $500 will be charged if you request we close it within three (3) years from the agreement date. This fee will not be charged if: (i) your line is $25,000 or less, (ii) you sell the Collateral to an unrelated/unaffiliated third-party, or (iii) you payoff your loan with proceeds from a real estate secured loan from us. Refinance EEX must be secured by fee simple property located in Hawaii. Fire, hurricane, flood (if in flood hazard zone) and localized peril (if in a lava hazard zone) insurance policies are required at homeowner’s expense.

    For owner-occupant EEXs up to $250,000 (excluding properties listed for sale within the prior six months), ASB will pay or waive fees and costs for flood certification (up to $9), bank’s title insurance (up to $125), escrow services (up to $125), credit report (up to $2.50 per borrower), trust review, condo review, mortgage recording, notary, recording fee for the release of third-party mortgage, and valuation through an automated valuation model and property condition report (up to $74.50) of ASB’s choice; however, at their own cost, customers may request an appraisal at an estimated cost between $500 and $1,500.

  2. Based on a 7-year fixed rate loan of $30,000 at 3.50% APR, there will be 84 monthly principal and interest payments of $403.20. For 7-year terms, the minimum loan amount is $30,000 and the maximum loan amount is $250,000. Based on a 10-year fixed rate loan of $30,000 at 3.50% APR, there will be 120 monthly principal and interest payments of $296.66. For 10-year terms, the minimum loan amount is $30,000 and the maximum loan amount is $250,000. Investor rates are available. Current non-promotional rates as of 1/1/19 are 6.50% for a 7-year fixed rate loan and 7.00% for a 10-year fixed rate loan. Other FRELO terms and rates are available. FRELO may be added upon your request. The promotional rate applies to up to five (5) Fixed Rate Equity Loan Options (FRELO) during the draw period of your HELOC, must be requested and executed at loan closing, are available to existing and new owner-occupant EEX accounts with an advance on the line of at least the minimum loan amount; and automatic payment from an American Savings Bank checking account.

  3. Promotional rate based on a 20-year fixed rate loan of $50,000 at 3.75% APR there will be 240 monthly principal and interest payments of $296.44. The maximum loan amount is $250,000 and must be requested and executed at time of loan closing. Current non-promotional rate as of 8/1/18 is 8.00% APR for a 20-year fixed rate loan.

    Promotional rates apply up to five (5) Fixed Rate Equity Loan Options (FRELO) during the draw period of your HELOC, are available to existing and to new owner-occupant EEX accounts with an advance on the line of at least the minimum loan amount; and automatic payment from an American Savings Bank checking account. Investor rates are available. Promotional rates are subject to change without prior notice. Other FRELO terms and rates are available and may be added upon your request, provided that you and all named borrowers on the Equity Express account execute the Equity Express with Fixed Rate Equity Loan Options Addendum to the Equity Express Credit Agreement.