Ka Wai Ola - Office of Hawaiian Affairs, Volume 15, Number 5, 1 May 1998 — Page 9 Advertisements Column 1 [ADVERTISEMENT]

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bankoh firsthome loan Looking to buy your very first home? You ean do it! With Bank of Hawaii's FirstHome Loan. Check out these numbers: • Low down payment - just 5% • No application fee • No appraisal fee • 1 point waived* • Lowered ineome requirements • Save over $2,700 in closing costs example: Home cost: $175,000 5% down payment: $8,750 » i lnitial monthly phneipal and Loan amount: $1 66,250 . . . ' ^ interest payments: $1,010.15** To find out more, just visit your nearest Bank of Hawaii branch. Or eall Bankoh Residential Lending: Downtown Honolulu 538-4786, East Oahu 397-2810, West Oahu 483-6565, Kapolei 693-1444, Maui 871-8210, Hilo 933-7213, Kailua-Kona 326-391 3, Kauai 241 -7283. www.boh.com MEMBER FDIC Bankoh FirstHome Loan requirements: You must be a Hawaii resident and you cannot own real prop>erty currently or within the last three years. Property must be located in Hawaii. The borrower must occupy the property as their primary residence. *1 point waiver on 1-year, 3-year and 5-year ARMs only. **Principal and interest payments for the first three years of the 30-year term are based on 3/1-Year ARM rates effective 3/26/98: 6.125% interest rate; 7.78% APR, subject to change. Maximum monthly principal and interest payment is $1 ,551 .60. Initial rate is locked for three years then adjusts annually. The rate cannot increase more than 2% in a year or more than 5% over the life of the loan. 5% down payment requires mortgage insurance. Other adjustable-rate and fixed-rate mortgages are available. Rates and terms subject to change without notice. 1