Home values have been steadily rising over the last few years, and re-modeling projects are regaining popularity. Now is the time to refinance to fulfill your dreams of a customized kitchen, sleek bathroom or new, spacious master bedroom.

“Rising home values give homeowners more options for paying for a home improvement project,” said Yvonne Konia, vice president of Mortgage Loan Center at HawaiiUSA Federal Credit Union. “Although decisions vary from person to person, refinancing your mortgage loan is one of the best ways to pay for your home improvements, instead of using your credit card or dipping into your savings,” Konia said. “This allows homeowners to also consolidate a first and second mortgage, along with consumer debt (i.e. credit cards, car loans, etc.) into one mortgage payment.

“Refinancing helps the homeowner to wrap home improvement cost into a new mortgage,” said Konia. “Sometimes it’s just easier to have one bill to pay.”


Rates are still low with 30-year mortgages between 3.5 percent APR (Annual Percentage Rate) and 4 percent APR, making it affordable to fulfill your long-awaited home improvement project.

Konia advises homeowners to start by estimating the cost of their project, obtaining estimates and consulting with a lender to determine the best option to meet your needs.

Don’t let your dreams slip away. Now is the time to refinance and make your dreams come true by consulting with one of the mortgage loan specialists at Hawai-iUSA Federal Credit Union.

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