Variable Rate Home Equity Lines of Credit

15 year revolving term, with 180 monthly payments or

20 year revolving term, with 240 monthly payments 

Applicable Annual Percentage Rate (APR) is WSJ Prime minus 1% with a floor APR of 4.00%

The maximum APR is 15% WSJ Prime is currently  3.25%

There is a minimum periodic payment of Principal of $50, plus applicable accrued interest

There is a minimum transaction requirement of $500.00

There is a check reorder charge applicable to this account. 

There may be a principal balance due and payable on the maturity date for this loan type

The minimum line of credit is $5,000.00 and the maximum line of credit is $500,000.00 

There is a maximum loan to value of 75% of the current real estate appraised value, 

less the amount of any existing mortgage.

The above terms are applicable to new lines of credit collateralized by owner occupied, 

1 to 4 family residences.  

Lines of credit also available for Investment Property - Call for Rates.

For current rate and fee information call 973-636-2596 or 1-800-859-1939