Three things to consider when refinancing to pay off debt
1
You could save money and consolidate debt.
Debt consolidation could amount to big savings because mortgage interest rates are generally lower than most credit card and personal loan interest rates.
2
Take control of your monthly loan payments.
Instead of worrying about many different loan payments each month, you may only have to manage one fixed monthly payment.
3
You’re not alone.
Bank of Hawaii helps hundreds of Hawaii residents consolidate debt each year. Our financing experts will help you assess whether a refinance is right for your financial situation.