Hawaii HELOC application

[Jeffrey Hamilton]

I own a property in Hawaii worth about 600000 with a loan balance of 456. I have an excellent credit score and I bought this place originally as a primary residence but I have since moved and I am renting it out. Any HELOC recommendations?

[Duc Ong]

@Jeffrey Hamilton It depends on what your time line is on the HELOC for the teaser rates (1, 2, or 3 years). The following banks/credit unions all have teaser rates:

• First Hawaiian Bank
• Bank of Hawaii
• American Savings Bank
• Central Pacific Bank
• Aloha Pacific FCU
• Hawaii State FCU
• Hawaii USA FCU

I personally have a 2.4% 3 year HELOC on my primary residence with ASB, and it's great! Simple interest is so much better than amortized interest.