Home Equity
Line of Credit
Introductory Rate
2.75%APR* fixed for 3 Years
Based on a current index
and a margin as of 8/6/18.
Fixed Rate Loan Options
10 Years: 4.00%APR**
25 Years: 4.50%APR**
  • No closing fees for owner-occupied properties (for loans $250,000 or less)1
  • No annual fee
  • We’ll pay your early closing fees up to $500 to help you switch2
HELOC 2015
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always wanted.
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* Discounted Introductory Fixed Rate of 2.75% Annual Percentage Rate (APR) available for approved applications received between 7/7/18 and 9/14/18 and funds by 11/9/18. After the initial fixed rate period, rates are variable and the APR is subject to change monthly based on the Prime Rate published in the Wall Street Journal, plus a margin; margin is based on your credit history and bank relationship. Undiscounted APR for Owner Occupant property is currently 6.00% as of 8/6/18. Investor and Second Home discounted rate and margin is 0.50% higher. Discounted rate and margin is 0.50% higher for home equity lines of credit with maximum total loan-to-value of 90% that simultaneously closes with a qualified Home Loans Division first mortgage loan. Minimum APR after the fixed rate period will be 4.50%. Maximum APR is 18.00%. Discounted Fixed Rates require minimum monthly payment automatically debited from a Central Pacific Bank Personal Checking Account. After the introductory rate period, or if the automatic debit is cancelled or the Personal Checking Account is closed, the rate will change to a variable rate as described in the Important Terms of Our Home Equity Line of Credit; ask us for a copy. A Central Pacific Bank Home Equity Line of Credit account holder with an account opening date after January 17, 2011 (including both existing accounts and accounts closed within six months after the Bank received a new Home Equity Line of Credit application) that has already received a promotional rate is not eligible for this offer.
** Effective 7/7/18. Rate subject to change without notice. Investor and Second Home discounted promotional rates are 0.50% higher. Fixed Rate Loan Option minimum loan amount is $10,000. Ask us about our other Fixed Rate Loan Option Terms.
1. Bank will cover cost of applicant(s) credit report(s) and closing costs (fees) for owner-occupied properties only when directly related to property securing the home equity line of credit; the covered fees are as follows: flood certification, title insurance, mortgage recording, release of third-party mortgage and Automated Valuation Model Report. If an Automated Valuation Model Report is not available, customer may request a drive-by appraisal at a cost of $287. Properties held in trust will be charged trust review fees of $110 per trust. Requests over $250,000 will be charged for a full appraisal at a cost estimated between $650 and $1,800 and title insurance cost estimated between $1,200 and $3,700. Investor and Second Home properties subject to all closing costs (fees) estimated between $245 and $6,789. 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 prepayment penalty fee of $500 or 2.0% of the Original Credit Limit, whichever is lower, will be assessed if account is closed within the first three years. Loan must be secured by fee simple property located in Hawaii. Homeowner’s and hurricane insurance required; flood insurance required if property is located in flood zone. Subject to credit approval. Other restrictions may apply. Subject to change without notice.
2. 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 Home Equity Line of Credit account to pay off your existing home equity line balance 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.