Invest in your current home with renovations

homes0119_2Can’t find your dream home in today’s tight real estate market?

Consider focusing on adding value to your current home with renovations. From small improvements such as updating fixtures to more complex projects such as remodeling your kitchen or getting a new roof, Hawaii Central Federal Credit Union offers a variety of loan programs to fit your specific needs.

Here are some options to consider when looking to finance your renovation project:

Home Equity Line of Credit

A Home Equity Line of Credit is the most flexible financing option and allows you to access your approved loan amount when needed through a revolving line of credit. This popular choice is ideal for long-term projects since the interest rate is variable and monthly payments are based on your balance.

Personal Loan

If you are looking for consistent monthly payments and prefer not to use your home’s equity, a Personal Loan may be a good option. The maximum amount is $20,000 with a fixed annual percentage rate and repayment terms up to 84 months. This is a favorable option for a single project with a short term unsecured repayment plan.

Cash-Out Refinance

With a Cash-Out Refinance, you can refinance your current mortgage and get the cash you need for your renovation project, all in one convenient loan. This is a great opportunity to take advantage of today’s mortgage rates and built up equity.

Owner/Builder Construction Loan

This specialized interest-only loan is a good option for homeowners with complex remodeling projects, like demolishing their current home and building a new one. With a Construction Loan, the loan amount is based on the estimated value of the completed home. Once approved, portions of the loan amount are disbursed as each phase of the construction is completed.

To select the most cost-effective financing program to fit your needs, call the Home

Loan Specialists for a free consultation at Hawaii Central Federal Credit Union. Get started and call today at 536-3677, stop by 681 S. King Street or visit

Federally insured by NCUA

Locations Hawaii
Michael Marks
Sandwich Isles Realty
Kimo Smigielski, Broker-in-Charge
Hawaii Life Real Estate Brokers
Emily Garcia
Agent, REALTOR(A), RS-77391
Coldwell Banker
DAY-LUM Properties

Edith Crabb, RB-8195
Coldwell Banker
DAY-LUM Properties

Glenn Takase, RB-18547
Coldwell Banker
DAY-LUM Properties

Misti R. Tyrin, RS-75836
Coldwell Banker
DAY-LUM Properties

David L. Skeele, RB-12882
Kauai Landmark Realty
Phil Fudge, RB-18576
Claire Keaton, RS-73854
Coldwell Banker
DAY-LUM Properties

Shea Miyashiro, RS-64678
Coldwell Banker
DAY-LUM Properties

Atsuko Winston, RS-75899
Coldwell Banker
DAY-LUM Properties

Mark Skeele, RS-77005