Home Equity Lines of Credit
A home equity line of credit (HELOC) is similar to a home equity loan, except that money can be taken out as needed rather than as a lump sum. Once you are approved for an amount, you can borrow and repay repeatedly without additional paperwork. Another benefit of a home equity line of credit is that you only pay interest on the money you have actually borrowed. HELOC interest may also be tax deductible.*
- A Personal Line of Credit based on the equity in your home less any outstanding lien,**
- Write yourself a check anytime you want for any purpose
- Pay interest only on the money you use
Low variable rate. You can get current rates by calling 732.431.2265
*Always consult your tax advisor.
** Title Insurance required for loans in excess of $500,000
All credit is subject to credit approval.
Click Here to complete a Home Equity Loan Application.
Click here for information about our Home Equity Credit Line promo.