Equity Loans
Property must be located in Monmouth or Ocean County, New Jersey.

Home Equity Credit Lines Fixed Rate Equity On Line Loan Application Loan Calculator

No application fee! No charges for credit report, flood search or title search.

Home Equity Loans

Home Equity Loans may be requested on primary and secondary homes for any worthwhile purpose and on rental/investment homes at a higher rate. Except for home improvements, equity loans may not exceed 80% of the estimated property value less any first mortgage. When another mortgagee holds the first mortgage, add 1/4 of 1% to the equity loan interest rate unless the equity loan will pay off the first mortgage. Add 1/2 of 1% to the equity loan interest rate for rental/investment homes.

Reduce your interest rate by 1/4 of 1% by having your payment automatically transferred from your checking account at this bank.

Line of Credit	Interest Rate	Estimated APR
5 Year* (Fixed)	6.250%	6.250%
10 Year* (Adjustable)	5.000% ** Prime Rate Thereafter. Floor: 4.750% Ceiling: 10.250%	5.000% **Prime Rate Thereafter.

* Open-ended Revolving Credit Line Draw Period. After the draw period the loan is subject to review and renewal. **Wall St Journal Prime Rate 5.25%

Maximum Line of Credit: $350,000   Minimum Credit Line: $10,000

Monthly Payment will be the greater of 1/180th of Principal or $50.00 plus interest. Interest will be calculated on the average daily balance. After the initial draw period, the loan is subject to review and renewal. **Fixed for the first six months, after which the interest rate on the adjustable credit line is subject to change monthly to the Wall Street Journal Prime Rate as of the15th day of the prior month. Monthly payment will be: Larger of 1/180th of principal or $50. plus interest. Adjustable rate payment option: Interest Only. Interest calculated on average daily balance.

Reduce your interest rate by 1/4 of 1% by having your payment automatically transferred from your checking account at this bank.

Fixed Rate Equity
Interest Rate	Estimated APR	Term
5.750%	5.750%	Up to 60 Months
6.000%	6.000%	61 to 120 Months
6.375%	6.375%	121 to 180 Months
6.625%	6.625%	181 to 240 Months

Maximum Loan Amount: $350,000 Minimum Loan Amount: $5,000 Processing Fee: $0