Does your mortgage need a makeover?

The mortgage refinancing process involves paying off an existing loan and replacing it with a new one. From making home improvements to saving money each month, refinancing can help you achieve your goals.

You could save money.

Refinancing your mortgage at a lower rate could decrease your monthly payments and help you save big over the life of your loan.

Shorten or extend the length of your term.

Shortening your loan term could help you pay off your loan faster and potentially at a lower rate. Extending your loan term could lower your monthly payment.

Change to a fixed-rate or adjustable-rate mortgage.

Fixed-rate mortgages are great for longer-term living situations. But if you’re looking to save money in the short term, an adjustable rate might be better.

Pay for important life expenses.

Education costs, home renovations, and weddings can be outlandishly expensive. Consider refinancing to pay for these milestones in cash.

Contact a Bank of Hawaii loan expert to find out which mortgage loan options are available for you. Or complete our refinancing application.

Ready to get started?

What to expect when applying for a mortgage refinance with SimpliFi Mortgage ℠ by Bank of Hawaii:

Create an account (if you don’t already have one).
Log in and provide us with some financial information.
Choose a loan term and rate.

What you will need to apply:

Pay stubs for the most recent 30-day period.
W-2s from the last 2 years.
Tax returns from the last 2 years.
Bank statements for the most recent 2-month period or quarter.