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When you have recurring expenses like financing an education or on going home improvements, consider a Home Equity Line of Credit. This loan is a revolving line of credit secured by a lien on your primary residence. You can borrow as you need to, and funds become available again as you pay the balance. The interest rate is a variable rate, and equal to prime with a floor of 4.00%.

  • Borrow up to 80% your home's equity
  • 15 year term
  • No application fees
  • No points
  • No appraisal fees
  • No processing fees
  • No prepayment penalty*

Note: Your home must be located in the state of New Jersey and be your primary residence to be eligible for this loan. The following documentation is required to process your second mortgage application:

  • Endorsement page of Title Insurance Policy
  • Copy of Deed
  • Current Mortgage information
  • Homeowner’s Insurance Policy (declaration page)
  • Current year and prior year tax returns.
  • Fully completed residential loan application, available at any of our offices.

*Only applies if loan is active over 1 year.