APR=Annual Percentage Rate. Interest Only Line of Credit – Rates are based on the Prime Rate plus 0.50% for owner occupied properties, Prime Rate plus 2.00% for investment properties and second homes. The current prevailing rate on an owner-occupied property is 3.75%. The maximum rate is 18.00% or the maximum permitted by law, whichever is less. Rates are adjusted quarterly in February, May, August, and November. Rate and terms are subject to change or discontinuation without notice. Member can obtain credit advances up to 10 years (the draw period). During the draw period, the payment is equal to the finance charge (interest) that accrued on the outstanding balance during the preceding month. After the draw period ends, the loan is setup on a repayment schedule not to exceed 20 years with a minimum payment of $100. Maximum loan amount is lesser of $500,000 or up to 80% of your home value (primary residence); HELOCS over $250,000 have a 75% LTV cap. Higher LTV programs are available with price adjustments. Maximum line for investment properties and second homes is $250,000 limited to 75% LTV. Minimum line amount is $10,000. No annual fee or prepayment penalty. HawaiiUSA charges no credit union closing cost; however, you will be required to pay certain fees to third parties at closing. These fees if required include, but are not limited to, title insurance, escrow fees, recording fee, trust review and trust documentation, mortgage or other document preparation fees, and property evaluation. May inquire for more details on the listed services. HawaiiUSA will use a property evaluation to determine the property value. An appraisal is required for transactions more than $250,000 in value. When an initial draw of a minimum $25,000 or more new monies is advanced at opening, certain third-party fees may be waived (fees waived include valuation assessment, junior lien policy, recordation, credit report and flood certification/tracking) when you agree to maintain the account balance less normal minimum monthly payments for a period of six-months from opening and do not close the loan within three years from opening. Hawaii properties must be fee simple. Fire, hurricane & flood (if applicable) insurance on the property that secures the credit at homeowners’ expense is required. HawaiiUSA membership is required. Interest may be tax deductible; consult tax advisor for details.