| Equity
Loans |
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Our fixed rate Home Equity Loan may be just what you need. If you are making improvements to your home, buying a car or boat, sending a child to college, consolidating your debt or refinancing your mortgage, we can help you achieve your goals. In addition to owner-occupied 1-4 family dwellings and individual condominiums, we also grant equity loans on second homes, investment properties, multi-family, mixed-use properties, and commercial properties. All properties must be in New Jersey.
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| |
| One
to Four Family Units - Primary Residence |
|
Rate |
APR |
Term |
Payment per $1000 |
|
5.250% |
5.372% |
5
Years |
18.99 |
| 5.500% |
5.566% |
10
Years |
10.85 |
|
5.750% |
5.797% |
15
Years |
8.30 |
|
All interest rates assume automatic payment from a Pamrapo checking or statement savings account. Rates will be increased by .5% on one to four family investment properties. For loans up to $150,000, the fee is $150. For loans over $150,000 title work may be required. For loans $250.000 and over, an appraisal is required. Borrower is responsible for any title and appraisal fees in addition to the application fee. Property insurance is required. All properties must be in New Jersey.
|
| Multi Family - Maximum 75% LTV |
|
Rate |
APR |
Term |
Payment per $1000 |
| 6.500% |
6.563% |
15
Years |
8.71
|
| Mixed Use and Commercial – Maximum 70% LTV |
|
Rate |
APR |
Term |
Payment per $1000 |
| 6.500% |
6.563% |
15
Years |
8.71 |
Rate assumes automatic payment from a Pamrapo checking or statement savings account. For loans up to $150,000, the fee is $200. For loans over $150,000 title work may be required. For loans $250.000 and over, an appraisal is required. Borrower is responsible for any title and appraisal fees in addition to the application fee. Property insurance is required. All properties must be in New Jersey.
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