Consumer Loans-New Jersey
Dreaming about updating your kitchen? Paying high interest on credit cards or loans? Worried about covering high tuition bills? A taxSense™ Home Equity Line of Credit may be the perfect solution.
taxSense Home Equity Line of Credit
A taxSense™ Home Equity Line of Credit is ideal if you need access to cash over a period of time, but interest is charged only on the amount you actually use -- not on the entire line of credit. Both Fixed Rate and Variable Rate plans are available.
The Home Equity Line of Credit offers competitive interest rates and is available for loan amounts up to $250,000 (which is based on equity in your New Jersey home and your ability to repay). There is no application fee involved. You pay only a modest mortgage recording charge at loan closing.
Interest may be tax deductible (check with your tax advisor).
Fixed Rate Line of Credit
- Current Annual Percentage Rate (APR) is 7.00% for the life of the loan (Interest Rate subject to change without notice)
- Five Year Draw Period during which the monthly billing is for Interest Only
- After the Five Year Draw Period the monthly payment will be 1/180 principal outstanding or $100.00, whichever is greater plus interest
| Current Annual Percentage Rate (APR) is 7.00% for the life of the loan | |||
| Interest rate is subject to change without notice. |
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Variable Rate Line of Credit
- Current Annual Percentage Rate (APR) is 3.25%. (Maximum Rate 16.0%)
- Interest Rate subject to change without notice. Rate varies monthly with Prime Rate (index) as published in The Wall Street Journal
- Ten Year Draw Period
- Monthly payment from the start of the loan will be 1/240 principal outstanding or $100.00, whichever is greater plus interest
| Current Annual Percentage Rate (APR) is 3.25% | |||
| Interest rate is subject to change without notice. |
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Try one of our Financial Calculators to assist you in estimating financing and payment options, and even compare loan rates easily!
For more information, visit one of our branches, call 201-967-1900, ext. 1332 or 1336, or click on this link to e-mail our Consumer Loan Department.
