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Home Equity Fixed Rate Mortgages and Lines of Credit

Many consumers prefer the stability of both a fixed interest rate and a fixed payment over the life of the loan and take advantage of the no closing costs associated with this mortgage loan. You can also make home improvements, finance tuition or purchase a car using the equity in your home.

Rates Apply Now

 

5, 10, or 15 Year Home Equity Fixed Rate Mortgage

Consumer Benefits

  • Lock in a long term interest rate with a stable, predictable monthly payment.
  • Borrowers who want to build equity faster should select the shortest loan term they can afford.
  • All origination costs for the mortgage are waived.

Home Equity Line of Credit

  • Initial Interest Rate is Prime Rate
  • No Application Fee
  • No Closing Costs
  • Fast Approval
  • Lock in a long term interest rate with a stable, predictable monthly payment.
  • Borrowers who want to build equity faster should select the shortest loan term they can afford.

*Annual Percentage Rate. Rates & APR’s are for owner-occupied properties at 80% Loan to Value Ratios if you have no first mortgage or if your first mortgage is held by Metuchen Savings Bank. If your mortgage is held by another financial institution, the maximum eligible Loan to Value Ratio is 70%.

**Initial interest rate for the first month is the Prime Rate and can change every month thereafter according to the Prime Index Value as published in the Wall Street Journal. The maximum interest rate during the term of the loan is 16.0%. All Loan programs are subject to credit approval. APR 4.25% accurate as of 06/15/2017 and is subject to change without notice.

 

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