Ka Wai Ola - Office of Hawaiian Affairs, Volume 11, Number 2, 1 ʻAukake 1994 — Page 5 Advertisements Column 1 [ADVERTISEMENT]

Finally we ean afford to buy^^^^tome. Bankoh FirstHome ■■H L 5 A N

• Low down payment — -just 5%. • No application fee — save $375. • No appraisal fee — save $450.

• Reduced points — only 1%. • Lowered ineome requirements. • Adjustable and fixed rates.

FOR EXAMPLE: lf vour heart is set on a $250.000 home, you'll need a monthly ineome of $4,608.30 (before taxes) to qualify for a $237,500 mortgage with a 5% down payment of just $12,500. Your monthly mortgage payments will be $1,520.74* So if you're ever to afford your very first home, condominium or townhome. a Bankoh FirstHome Loan is the way to make it a done deal. Nobody is pulling for you more than Hawaii's bank. ih Bankof Hawaii HAWAI1'S BANK Visit your nearest branch or eall Bankoh Residential Loan Services: Oahu, 537-8511; Kahului. 871-8220; Kihei, 875-5235; Hilo, 935-9701; Kailua-Kona, 326-3900; Kauai. 245-6761. Bankoh FirstHome Loan requirements : You must be a Hawaii resident and you eannoi own real property currently or wilhin the last three years. Property must befee simple and located in Hawaii. The borrower must occupy ihe property as their primary residence *Prtncipal and interest payments for the ftrst fiveyears of ihe M)-year lenn are basedon 5H-Year ARM rates ejfective 6/1/94: 6.6 25%: 7.48% APR. subject to change. Inmal rate is locked for fiveyears ihen adjusts annualh. Thc rate eannoi increasc more than 2% ina vear or more ihan 5% over the life ofthe loan. 5% down pa\ment requires mortgage insurance. Other adjustable-rate and fi.xed-rate mortgages are available. & MEMBER FDIC SNM»