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Home Equity Line of Credit Wahiawa HI

Looking for information on Home Equity Line of Credit in Wahiawa? We have compiled a list of businesses and services around Wahiawa that should help you with your search. We hope this page helps you find information on Home Equity Line of Credit in Wahiawa.

Conrad Takehara
2051 Young Street #89
Honolulu, HI
Service
Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Fee Only Portfolio Management,Wealth Engineering,Mortgage Refinancing,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Alternative Investments,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Busine

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Hawaii State Government
(808) 692-7700
601 Kamokila Blvd Ste 355
Kapolei, HI
 
Navy Federal Credit Union
(808) 253-7440
338 Kamokila Blvd Ste 104
Kapolei, HI
 
Hawaiiusa Federal Credit Union
(808) 674-8350
920 Kamokila Blvd
Kapolei, HI
 
Hawaiiusa Federal Credit Union
(808) 233-1200
Windward Mall
Kaneohe, HI
 
Hawaii National Guard Federal Credit Union
(808) 682-0400
91-1227 Enterprise Ave
Kapolei, HI
 
Navy Federal Credit Union
(888) 842-6328
4256 Radford Dr
Honolulu, HI

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Hickam Federal Credit Union
(808) 423-1391
590 Farrington Hwy Unit 501
Kapolei, HI
 
Territorial Savings Bank
(808) 235-0089
46-005 Kawa St Ste 102
Kaneohe, HI
 
Windward Community Federal Credit Union
(808) 247-8555
Windward City Shopping Ctr
Kaneohe, HI
 
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How to Obtain a Home Equity Line of Credit

Written by Matthew C. Keegan  //  2012/03/05  //  Financing , Home Financing  //  No comments

homeequity

A home equity line of credit (HELOC) is type of revolving credit. When choosing a HELOC, your home serves as collateral the moment funds are withdrawn from your credit line. If you have built up equity in your home and have good credit, a HELOC can be easy to obtain. But first, you will want to get organized and develop a plan to help you secure funding from your bank or other financial institution.

1. Talk with your accountant. You may think that a certain, low-rate HELOC is the best approach for you, but your accountant may not share that opinion. For some homeowners the tax advantages of a HELOC may not be beneficial while a home equity loan (HEL) or other financing arrangement may pay off in the long run. Consult with your financial adviser to come up with a borrowing strategy with the best tax implications.

2. Assess your needs. Your financial adviser will likely encourage you to borrow only what you need. This means developing a budget outlining how much money to access. Although a HELOC does not require you to tap all of your available funds, you may want to consider a line only large enough to cover the cost of renovations or other work you want to have done on your home.

3. Shop around for credit lines. Your financial institution and your mortgage broker are two sources to explore for your HELOC. You will also want to compare their rates with what other lenders have to offer which means expanding your search accordingly. Most lines of credit offer variable interest rates; compare those rates along with fees and closing costs to determine the best HELOC for you. Have potential lenders explain the terms of their contracts; negotiate for a lower rate or fees wherever possible.

4. Apply for a HELOC. Once you have found the HELOC you want, then apply for it. Your lender will obtain your credit information before...

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